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x Your answer is incorrect. Try again. Bridgeport Company and Sarasota Corporation, two corporations of roughly the same size, are both involved in the manufacture
x Your answer is incorrect. Try again. Bridgeport Company and Sarasota 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 Bridgeport Co. $ 790,000 1,362,500 2,500,000 1,850,000 Sarasota Corp. $1,100,000 1,291,500 1,990,000 1,000,000 Average total assets Average plant assets (a) For each company, calculate the asset turnover. (Round answers to 2 decimal places, e.g. 0.60.) Bridgeport Co. Sarasota Corp. x Asset turnover C 1.83 times 1.54 times
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