13 information is provided below for two companies in thousands clemenssamuel sales 4352243

13.Information is provided below for two companies:

(in thousands)ClemensSamuel

Sales$36,000$70,000

Net income1,8002,100

Total assets12,00020,000

Required:

a.Compute asset turnover, profit margin, and return on assets for each company.

b.Compare the companies' performance.

14.Information is provided below for two companies:

(in thousands)AhuraKirk

Sales$18,000$18,000

Net income1,080630

Total stockholders' equity7,2004,850

Total assets13,5007,000

Required:

a.Compute asset turnover, profit margin, return on assets, and return on equity for each company.

b.Compare the companies' performances.

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