Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN: 9781337619455
Author: Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher: Cengage Learning
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The balance sheets of Davidson Corporation reported net fixed assets of $830,000 at the end of Year 1 and $560,000 at the end of Year 2. Net sales for Year 2 totaled $1,890,000. What is the fixed-asset turnover ratio for Year 2?
Sub. GENERAL ACCOUNT
The total assets and total liabilities (in millions) of Keurig Green
Mountain, Inc. and Starbucks Corporation follow:
Assets
Keurig Green Mountain Starbucks
$5,050
Liabilities $1,758
$13,460
$7,328
Determine the owners' equity of each company.
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