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Pronghorn Corporation and Monty Corporation two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its
Pronghorn Corporation and Monty Corporation two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the information shown below. (a) For each company, calculate these values: (Round answers to 2 decimal places, e.g. 6.25% or 17.54.)
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