Mock Orange Company and Cotoneaster Company both manufacture pruning shears. The following financial information is for three years ended December 31 (in thousands):

Instructions
(a) Calculate the asset turnover and return on assets ratios answers to two decimal points. for both companies for 2016 and 2017.
(b) Comment on how effective each of the companies is at using its assets to generate sales and produce profit.
Taking It Further
After reading the notes to the financial statements, you have determined that Mock Orange Company uses straight-line depreciation and Cotoneaster uses diminishing-balance. Does this affect your ability to compare these two companies?

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Mock Orange Company Net sales Profit Total assets 20172016 S9,428.0 627.7 5,829.1 2015 $8,235.5 5 5,343.9 $8,894.3 597.8 5,771.4 2017 S3,839.8 143.4 2,754.5 2016 2015 $3,417.7 Net sales Profit Total assets $3,656.9 137.9 2,504.1 128.9 2,340.3