Bridgeport Company and Sarasota Corporation, two corporations of roughly the same size, are...
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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 Net sales Average total assets Average plant assets Bridgeport Co. $ 840,000 1,173,000 2,550,000 1,830,000 Sarasota Corp. $1,030,000 1,075,900 2,030,000 1,060,000 (a) For each company, calculate the asset turnover. (Round answers to 2 decimal places, e.g. 0.60.) Bridgeport Co. Sarasota Corp. Asset turnover times times
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