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Roak Company and Clay Company are similar firms that operate in the same industry. Clay began opera- tions in 2015 and Roak in 2012. In

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Roak Company and Clay Company are similar firms that operate in the same industry. Clay began opera- tions in 2015 and Roak in 2012. In 2017, both companies pay 7% interest on their debt to creditors. The following additional information is available. Roak Company 2016 2.8 9.6% 2.5% Clay Company 2017 2015 2017 2016 2015 Total asset turnover.... Return on total assets... Profit margin ratio. 3.0 8.8% 2.3% 1.7 5.9% 2.8% 1.5 5.6% 30% 1.1 5.3% 2.9% 3.1 90% 2.4% Write a half-page report comparing Roak and Clay using the available information. Your analysis should include their ability to use assets efficiently to pr tuce profits. Also comment on their success in employ- ing financial leverage in 2017

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