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Wildhorse Mart and Blossom Shop are two companies of roughly the same size both running a chain of convenience stores. Each company depreciates its plant
Wildhorse Mart and Blossom Shop are two companies of roughly the same size both running a chain of convenience stores. Each company depreciates its plant assets using the straight-line method. An investigation of their financial statements reveals the following information: Net income Sales revenue Total assets (average) Plant assets (average) WildhorseMart $125,860 890,000 4,340,000 1,650,000 Blossom Shop $130,110 1,100,000 5,490,000 1,900,000 For each company, calculate: (Round answers to 2 decimal places, e.g. 52.75.) WildhorseMart BlossomShop A. Return on assets % % B. Asset turnover
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