Analysis of Operating Assets At December 31, 2008, a company has the following amounts on its financial statements Property, plant, and equipment $10,000 Accumulated depreciation 5,000 Total Assets at January 1, 2008 30,000 Total Assets at December 31, 2008 40,000 Net sales 62,000 Depreciation expe...

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Analysis of Operating Assets At December 31, 2008, a company has the following amounts on its financial

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Analysis of Operating Assets At December 31, 2008, a company has the following amounts on its financial statements:

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Financial Accounting The Impact On Decision Makers

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Authors: Gary A. Porter, Curtis L. Norton

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Analysis of Operating Assets At December 31, 2008, a company has the following amounts on its financial

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Property, plant, and equipment $10,000 Accumulated depreciation 5,000 Total Assets at January 1, 2008 30,000 Total Assets at December 31, 2008 40,000 Net sales 62,000 Depreciation expense 1,000 Calculate the following ratios: Average life of the assets Average age of the assets Asset turnover

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Financial Accounting The Impact On Decision Makers

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