Titus corporation and vane corporation two companies of

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Reference no: EM13598525

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 $257,430 $366,740
Sales 1,437,210 1,299,350
Total assets (average) 3,413,490 3,369,790
Plant assets (average) 2,555,240 1,803,380
Intangible assets (goodwill) 447,740 0

For each company, calculate these values: (Round return on assets ratio and profit margin to 1 decimal place, i.e. 5.2. Round asset turnover ratio to 2 decimal places, i.e. 0.25).

Reference no: EM13598525

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