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Titus Corporation and Vane Corporation two companies.

Titus Corporation and Vane 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.

Titus Corp. Vane Corp.
Net income $224,920 $335,190
Sales 1,425,220 1,829,580
Total assets (average) 3,968,860 3,314,820
Plant assets (average) 2,638,820 1,862,820
Intangible assets (goodwill) 340,140 0

Calculate: Return on assets ratio
Profit margin
Asset turnover ratio

Jun 05 2018 View more View Less

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