Question 10 of 11 -/12 View Policies Current Attempt in Progress Sheffield Corporation and Flounder 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 following information. Sheffield Corp. Flounder Corp. Net income $ 207,000 $ 288,900 Sales revenue 1,125,000 1,155,600 Total assets (average) 3,450,000 3.210.000 Plant assets (average) 2,590,000 1,811,000 Intangible assets (goodwill) 412,100 0 (a) For each company, calculate these values: (Round answers to 2 decimal places, e.g. 6.25% or 17.54.) Sheffield Corp. Flounder Corp. (1) Return on assets % % (2) Profit margin % % (3) Asset turnover times times