Chapter 19, Problem 16BE

Harrison's Heavy Equipment, Inc., is a company that manufactures bulldozers. During the year, Harrison purchased $2,140,000 of direct materials and placed $1,890,000 worth of direct materials into production. Harrison's beginning balance in the Materials Inventory account was $320,000. What is the ending balance in Harrison's Materials Inventory account?

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Accounting-Asset turnover : Last year, Pulp Goods had sales of $945,200, net operating income of $94,500, and operating assets of $112,000 at the beginning of the year and $124,000 at the end of the year. What was the company's turnover rounded to the nearest tenth?