Question 1 [6 points]

Key financial figures for Northstar Corp. and Gulf Corp. over the past following year are given below:

Question 1 [6 points] Key financial figures for Northstar Corp. and Gulf Corp. over the past following year are given below: Sales Income from operations Net income Assets at the beginning of the year Assets at the end of the year Northstar Corp. $142,000 28,000 25,000 15,000 45,000 Gulf Corp. $276,000 47,000 42,000 27.000 53,000 a) Calculate the return on total assets percentage for Northstar Corp. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) Return on total assets = % b) Calculate the return on total assets percentage for Gulf Corp. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) Return on total assets = % c) Which company is more successful in generating the total amount of sales? (Select one) is more successful. d) Which company is more successful in producing operating income from its investment in assets? (Select one) is more successful