Sole proprietorship with similar amounts of total assets

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Hassan hardware and marian foods are sole proprietorship with similar amounts of total assets. also both businesses earn similar amount of revenue, incur similar amount of operating expenses, and report similar net income. however hassan has a higher cost of goods sold, while mariam has higher interest expenses. indicate which of these companies has the higher (a) gross profit rate, and (b) return on assets. in each case explain the reasons for each answer

Reference no: EM131556521

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