VILENIC MUNV - Hot How to attend the onll W NWP Assessment Pl_ W NWP Assessment Pla a Watch On Chapter 9 Homework Question 8 of 8 -/1 View Policies Current Attempt in Progress LaPorta Company and Lott Corporation, two corporations of roughly the same size, are both involved in the manufacture of in-line skates. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the following information. Net income Sales revenue Average total assets Average plant assets LaPorta Co. Lott Corp. $ 800,000 $1,000,000 1,300,000 1,180,000 2,500,000 2,000,000 1,800,000 1,000,000 (a) For each company, calculate the asset turnover. (Round answers to 2 decimal places, e.g. 0.60.) LaPorta Co. Lott Corp. Asset turnover times times e Textbook and Media