0.81/1 Question 9 View Policies Show Attempt History You are viewing Attempt 1 - Your answer is partially correct Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2017 (in millions): other plant assets $945.0, land $230.0.patents and trademarks (at cost) $530.0, machinery and equipment $2,200.0, buildings $960.0, goodwill (at cost) $170.0, accumulated amortization $57.0, and accumulated depreciation $2.220.0. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Equipment.) NIKE, INC. Partial Balance Sheet As of May 31, 2017 (in millions) Property. Plant and Equipment Land Bulidings Machinery and Equipment Other Plant Assets Less : Accumulated Depreciation Total Property. Plant and Equipment Intangible Assets Goodwill Patents and Trademarks Less : Accumulated Amortization Total Intangible Assets Question 10 ol? View Policies Show Attempt History You are viewing Attempt 1 X Your answer is incorrect. Suppose in its 2017 annual report that McDonald's Corporation reports beginning total assets of $29.80 billion, ending total assets of $31.80 billion, net sales of $22.85 billion, and net income of $4.40 billion. (a) Compute McDonald's return on assets. (Round return on assets to 2 decimal places, eg. 5.12%.) McDonald's return on assets (b) Compute McDonald's asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.) McDonald's asset turnover 0.78 times Question A3 View Policies Current Attempt in Progress On January 1, 2017. Salt Creek Country Club purchased a new riding mower for $15,400. The mower is expected to have a 10-year life with a $2,700 salvage value. What journal entry would Salt Creek make on December 31, 2017, if it uses straight-line depreciation? (Credit account titles are automatically indented when amount is er Account Titles and Explanation Debit Credit