14.

Company Z acquired a mine to extract silver for $500,000. Development costs totaled $140,000. Extraction costs totaled $50,000. The mine can be sold for $90,000. The company estimates that 120,000 ounces of silver can be extracted. Compute the depletion cost per ounce.

Group of answer choices

$3.42

$6.75

$5.00

$4.17

15.

Assume the following information: Sales $33,000; Beginning of year assets $120,000; End of year assets $123,500; Net income $18,500. Calculate the companys return on assets.

Group of answer choices

0.152

0.150

0.267

0.271