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View Policies Current Attempt in Progress Bridgeport Corporation and Flint Corporation, two companies of roughly the same size, are both involved in the manufacture of

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View Policies Current Attempt in Progress Bridgeport Corporation and Flint 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. Bridgeport Corp. Flint Corp Net income $ 257280 $ 320,880 Sales revenue 1.715.200 2,005,500 Total assets (average) 4.288.000 4,011,000 Plant assets (average) 2.730,000 1,858,000 Intangible assets (goodwill) 321,100 0 (a) For each company, calculate these values: (Round return on assets and profit margin to 1 decimal place, e... 6.2% and asset turnover to 2 decimal places es. 17.54) Bridgeport Corp. Flint Corp. (1) Return on assets % (2) Profit margin (3) Asset turnover

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