Camden Company reports the following ($ 000s): net sales of $14,880 for 2011 and $13,990 for 2010; end-of-year total assets of $15,869 for 2011 and $17,819 for 2010. Compute its total asset turnover for 2011, and assess its level if competitors average a total asset turnover of 2.0 times.
Answer to relevant QuestionsGamma Co. owns a machine that costs $84,800 with accumulated depreciation of $36,800. Gamma exchanges the machine for a newer model that has a market value of $104,000. (1) Record the exchange assuming Gamma paid $60,000 ...Refer to the information in Exercise. Prepare a table showing depreciation and book value for each of the five years assuming double-declining-balance depreciation. In Qs, In early January 2009, Sanchez Builders purchases ...Bera Company pays $264,900 for equipment expected to last four years and have a $30,000 salvage value. Prepare journal entries to record the following costs related to the equipment. 1. During the second year of the ...Refer to the information in Exercise. Determine the machine’s second-year depreciation using the units-of-production method. In QS, Sarita Company installs a computerized manufacturing machine in its factory at the ...Platero Co. purchases a used machine for $198,750 cash on January 2 and readies it for use the next day at an $11,000 cost. On January 3, it is installed on a required operating platform costing $3,410, and it is further ...
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