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Question 1 View Policies Current Attempt in Progress Pina Corporation and Novak Corporation, two companies of roughly the same size, are both involved in the
Question 1 View Policies Current Attempt in Progress Pina Corporation and Novak 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. Pina Corp. Novak Corp. Net income $ 287,000 $ 307,440 Sales revenue 2,050,000 2,049,600 Total assets (average) 4,100,000 3,660,000 Plant assets (average) 2,860,000 1,842,000 Intangible assets (goodwill) 485,100 For each company, calculate these values: (Round return on assets and profit margin to 1 decimal place, e.g. 6.2% and asset turnover to 2 decimal places, e.g. 17.54.) Pina Corp. Novak Corp. (1) Return on assets (2) Profit margin (3) Asset turnover times times
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