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I. The following information is available from the annual reports of Reser Company and Trent Company (Amounts in millions) Reser Trent $965 $1,271 Net Income

I. The following information is available from the annual reports of Reser Company and Trent Company (Amounts in millions) Reser Trent $965 $1,271 Net Income Sales 22,653 33,812 Total Assets (average) 21,188 36,167 Instructions: (a) Based on the preceding information, compute the following values for each company: 1. Asset turnover 2. Return on assets (b) What conclusion concerning the management of plant assets can be drawn from these data

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