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Sarasota Corporation and Marigold Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing devices. Each company depreciates its
Sarasota Corporation and Marigold 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.
(a)
For each company, calculate these values:Sarasota Corp. | Marigold Corp. | |||||||||||||||||
(1) | Return on assets | % | % | |||||||||||||||
(2) | Profit margin | % | % | |||||||||||||||
(3) | Asset turnove |
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