3 depreciation problems - BE11-10 In its 2007 Annual Report...

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Unformatted text preview: BE11-10 In its 2007 Annual Report Campbell Soup Company reports beginning-of-the-year total assets of $7,745 million, end-of-the- year total assets of $6,445 million, total sales of $7,867 million, and net income of $854 million. (a) Compute Campbell's asset turnover ratio. (Round answer to 3 decimal places,i.e. 5.252.) times (b) Compute Campbell's profit margin on sales. (Round answer to 2 decimal places, i.e. 5.25.) % (c) Compute Campbell's rate of return on assets. (Round answers to 2 decimal places, i.e. 5.25.) % E11-8 (Depreciation Computation–Replacement, Nonmonetary Exchange) Goldman Corporation bought a machine on June 1, 2008, for $31,800, f.o.b. the place of manufacture. Freight to the point where it was set up was $200, and $500 was expended to install it. The machine's useful life was estimated at 10 years, with a salvage value of $2,500. On June 1, 2009, an essential part of the machine is replaced, at a cost of $2,700, with one a salvage value of $2,500....
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This note was uploaded on 02/24/2012 for the course ECONOMICS ECON 312 taught by Professor Day during the Spring '10 term at DeVry Phoenix.

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3 depreciation problems - BE11-10 In its 2007 Annual Report...

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