Companies in the tire manufacturing business use a lot of property, plant, and equipment. Tyrell Rubber and Tire Corporation and Maxwell Rubber and Tire Manufacturing are two of the leading manufacturers. In addition, Maxwell also operates over 1,000 tire service center outlets. Sales Depreciation and depletion costs Property, plant, and equipment (net of accumulated depreciation) Total assets Depreciation method Depletion method Estimated life of assets Buildings Machinery and equipment Net income Required Tyrell Rubber & Tire $2,948 195 985 2,636 Straight-line Units of production 10 to 40 years 2 to 14 years $114 a. Calculate depreciation costs as a percentage of sales for each company. b. Calculate property, plant, and equipment as a percentage of total assets for each company. Maxwell Rubber & Tire $14,500 930 6,206 17,012 Straight-line Units of production 3 to 45 years 3 to 40 years $930 c. Based only on the percentages calculated in Requirements a and b, which company appears to be using its assets most efficiently? d. Calculate the return-on-assets ratio for each company. Based on this ratio, which company appears to be using its assets most efficiently? (Enter your answers as a percentage rounded to 1 decimal place (i.e., 0.123 should be entered as 12.3).) Tyrell Rubber & Tire a. Depreciation expense b. Property, plant, and equipment 6.6 % 37.4% 36.5 Maxwell Rubber & Tire 6.4% % C. d- 1. Which company appears to be using its assets most efficiently? Return-on-assets ratio Maxwell 3.9 % 6.4 % d- 2. Which company appears to be using its assets most efficiently? Maxwell