6. Jackson Company reported beginning and ending total assets of $200,000 and $120,000, respectively. Its net sales for the year was $176,000. What was Jackson's asset turnover ratio? Begin by selecting the formula to calculate the company's asset turnover ratio. Then enter the amounts and calculate the ratio. (Round the asset turnover ratio to two decimal places, XXX) Asset turnover ratio 3. Counselors of Tucker purchased equipment on January 1, 2017, tor $30,5U0. Counselors of TuCker expeed he qpnen residual value of $2,500. Suppose Counselors of Tucker sold the equipment for $18,700 on December 31, 2018, after using the equipment for two full years. Assume depreciation for 2018 has been recorded. Journalize the sale of the equipment, assuming straight-line depreciation was used First, calculate any gain or loss on the disposal of the equipment. Market value of assets received G Less: Book value of asset disposed of Cost Less: Accumulated Depreciation Gain or (Loss) Now, journalize the sale of the equipment. (Record debits first, then credits. Select the explanation on the last line of the journal entry table.) Credit Debit Accounts and Explanation Date 56 Dec. 31 Choose from any list or enter any number in the input fields and then continue to the next