Coke's turnover is improving
Coke's credit policies are too loose
Coke is collecting its receivables more
quickly than Pepsi in both years
Question 11. Question :
A company had average total
assets of $897,000. Its gross sales were $1,090,000 and its net
sales were $1,000,000. The company's total asset turnover is
equal to:
0.82
0.90
1.09
1.11
1.26
Question 12. Question :
A company purchased a
delivery van for $23,000 with a salvage value of $3,000 on
September 1, 2010. It has an estimated useful life of 5 years.
Using the straight-line method, how much depreciation
expense should the company recognize on December 31,
2010?
$1,000
$1,333