3 Knowledge Check 01 The journal entry to record annual depreciation for equipment includes a: + 2 of 9 Multiple Choice 0.43 nts awarded debit to Accumulated Depreciation Scored debit to Depreciation Expense credit to Equipment credit to Cash This window shows your responses and what was marked correct and incorrect from Knowledge Check 01 Relevant financial information for Gordon, Inc. and Jordan, Inc. for the current year is provided below. ($ in millions) Net sales Net income Total assets, beginning Total assets, ending Gordon, Inc. $3,280 118 1,420 1,600 Jordan, Inc. $6,540 132 2,230 2,020 ed Based on these data, which of the following is a correct conclusion? Multiple Choice Asset Turnover is 0.5 times for Gordon and 0.3 times for Jordan. Thus, Gordon generates more sales per a does Jordan Asset Turnover is 0.5 times for Gordon and 0.3 times for Jordan. Thus. Jordan generates more sales per do ation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fdcccd.blackboard.com%252Fwebapps%252Fportal Notifications Dashb... Maps S Reschedule/Cancel News Translate This window shows your responses and what was marked correct and incorrect from your previous attempt. Multiple Choice Asset Turnover is 0.5 times for Gordon and 0.3 times for Jordan. Thus, Gordon generates more sales per dollar of assets than does Jordan. Asset Turnover is 0.5 times for Gordon and 0.3 times for Jordan. Thus, Jordan generates more sales per dollar of assets than does Gordon. Asset Turnover is 2.2 times for Gordon and 3.1 times for Jordan. Thus, Gordon generates more sales per dollar of assets than thing does Jordan Asset Turnover is 2.2 times for Gordon and 3.1 times for Jordan. Thus, Jordan generates more sales per dollar of assets than does Gordon o Parch