2) Compute 2014 depreciation expense using the doubledeclining-balance method.
3) Compute 2014 depreciation expense using the doubledeclining-balance method, assuming the machinery was purchased on October 1, 2014.
4) Everly Corporation acquires a coal mine at a cost of $ 452,000. Intangible development costs total $ 113,000. After extraction has occurred, Everly must restore the property( estimated fair value of the obligation is $ 90,400), after which it can be sold for $ 180,800. Everly estimates that 4,520 tons of coal can be extracted.
5) In its 2011 annual report, Campbell Soup Company reports beginning-of-the-year total assets of $ 6,276 million, endof-the-year total assets of $ 6,862 million, total sales of $ 7,719 million, and net income of $ 805 million.
6) Compute Campbell’ s asset turnover ratio.( Round answer to 3 decimal places, e. g. 4.871.)
Asset turnover ratio
7) Compute Campbell’ s profit margin on sales.( Round answer to 2 decimal places, e. g. 4.87 or 4.87 %.)