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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.

SarasotaCorp. MarigoldCorp.
Net income $243,000 $315,500
Sales revenue 2,206,000 2,258,500
Total assets (average) 3,525,000 3,315,000
Plant assets (average) 284,000 1,874,000
Intangible assets (goodwill) 365,100 0

(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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