Question 4 of 10 - /6 View Policies Current Attempt in Progress Novak Corporation and Pina 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. $ 239,540 Net income $321,200 1,197,700 1,284,800 3,422,000 3,212,000 Sales revenue Total assets (average) Plant assets (average) Intangible assets (goodwill) 2,850,000 1,826,000 365,100 (a) 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, eg. 17.54.) Novak Corp. Pina Corp. (1) Return on assets % % (2) Profit margin % % (3) ) Asset turnover times times e Textbook and Media Save for Later Attempts: 0 of 3 used Submit