Net sales are $4,500,000, beginning total assets are $1,800,000, and the asset turnover is 2.5 times. What is the ending total asset balance? HELP
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Net sales are $4,500,000, beginning total assets are $1,800,000, and the asset turnover is 2.5 times. What is the ending total asset balance? HELP
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- Net sales are $3,000,000, beginning total, assets are $1,400,000. and the asset turnover is 3.0 times. What is the ending total asset balance?▷ NET SALES ARE $3,000,000, BEGINNING TOTAL, ASSETS ARE $1,400,000. AND THE ASSET TURNOVER IS 3.0 TIMES. WHAT IS THE ENDING TOTAL ASSET BALANCE? ▷ A) $1,400,000. ▷ B) 800,000. C) $1,000,000. D) $600,000.calculate the asset turnover.
- Company A has sales of $830, costs of $290 (not including depreciation), depreciation expense of $40, interest expense of $40, and a tax rate of 21 percent, current assets of $260, net fixed assets of $1850, current liabilities of $240, and long-term debt of $700. What is the total asset turnover? (keep two decimal places) Your Answer: 0.39The asset - vehicle worth £21,200 will be depreciated by 10% at the end of the year. Which nominal accounts should be debited and credited, respectively? a) Debit Depreciation A/c & Credit Non-Current Asset A/c b) Debit Inventory A/c & Credit Depreciation A/c c) Debit Balance Sheet A/c & Credit Profit or Loss A/cWhat's the depreciation?
