1. Ivanhoe Company incurs these expenditures in purchasing a truck: cash price $29,930, accident insurance (during use) $1,500, sales taxes $1,150, motor vehicle license $600, and painting and lettering $1,790. What is the cost of the truck?

The cost of the truck

$enter the cost of the truck in dollars

2. Suppose in its 2022 annual report that McDonalds Corporation reports beginning total assets of $21 billion, ending total assets of $19 billion, net sales of $22 billion, and net income of $4 billion. (a) Compute McDonalds return on assets. (Round return on assets to 2 decimal places, e.g. 5.12%.)

McDonalds return on assets

enter McDonalds return on assets in percentages %

(b) Compute McDonalds asset turnover. (Round asset turnover to 2 decimal places, e.g. 5.12.)

McDonalds asset turnover

enter McDonalds asset turnover in times times

3. Suppose Nike, Inc. reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant assets $942.0, land $210.0, patents and trademarks (at cost) $500.0, machinery and equipment $2,050.0, buildings $930.0, goodwill (at cost) $190.0, accumulated amortization $43.0, and accumulated depreciation $2,150.0. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings, Machinery and Equipment and Other Plant Assets. Round answers to 1 decimal place, e.g. 5,275.5.)