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Your answer is incorrect Marigold Corporation and Sarasota Corporation, two companies of roughly the same size, are both involved in the manufacture of shoe-tracing
Your answer is incorrect Marigold Corporation and Sarasota 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 following information. Marigold Corp. Sarasota Corp. Net income $253,330 $315,120 Sales revenue 1,266,650 1,313,000 Total assets (average) 3,290,000 3,030,000 Plant assets (average) 2,390,000 1,801,000 Intangible assets (goodwill) 479.100 0 (a) For each company, calculate these values: (Round answers to 2 decimal places, eg. 6.25% or 17.54) Marigold Corp. % (1) Return on assets (2) Profit margin. % (3) Asset turnover times Sarasota Corp. % % times
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