PRINTER VERSION NEXT L BACKO Problem 9-9A LaPorta Company and Lott Corporation, two corporations of roughly the same size, are both involved in the manufacture of in-Ine skates. Each company depreciates ts plant assets using the straight-line approach. An investigation of their financial statements reveals the following information Lott Corp. LaPorta Co. $ 800,000 1.300,000 Net income Sales revenue $1,000,000 1,180,000 Average total assets Average plant assets 2,500,000 2,000,000 1.800,000 1,000,000 (a) For each company, caloulate the asset turnover (Round answers to 2 decimal places ea, 0.60.) LaPorta Co Lott Corp Asset turmover times times