8) Compute Campbell’ s return on assets using( 1) asset turnover and profit margin and( 2) net income.( Round answers to 2 decimal places, e. g. 4.87 or 4.87 %.) Return on assets
9) Rembrandt Company acquired a plant asset at the beginning of Year 1. The asset has an estimated service life of 5 years. An employee has prepared depreciation schedules for this asset using three different methods to compare the results of using one method with the results of using other methods. You are to assume that the following schedules have been correctly prepared for this asset using( 1) the straight-line method,( 2) the sum-of-the-years '-digits method, and( 3) the double-decliningbalance method.
Year Straight-Line Sum-of-the- Years '-Digits
Double-Declining-
Balance
1 $ 11,970 $ 19,950 $ 26,600