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Pharoah Mart and Sheridan Shop are two companies of roughly the same size both running a chain of convenience stores. Each company depreciates its plant
Pharoah Mart and Sheridan Shop are two companies of roughly the same size both running a chain of convenience stores. Each company depreciates its plant assets using the straight-line method. An investigation of their financial statements reveals the following information: Net income Sales revenue Total assets (average) Plant assets (average) A. Return on assets B. Asset turnover Pharoah Mart eTextbook and Media $113,274 801,000 3,906,000 1,485,000 Sheridan Shop $117,100 For each company, calculate: (Round answers to 2 decimal places, e.g. 52.75.) Pharoah Mart 990,000 4,941,000 1,710,000 % Sheridan Shop %*
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