ACCT1101 - Introduction to Financial Accounting Chapter Assignment Questions (Ex10-22, P10-3B, P10-6B) Ex10-22 Evaluating efficient use of assets (Revised - Typo reported $4,862,000 is for 2010 2014) Joy Co. reports net sales of $4,862,000 for 2014 and $7,542,000 for 2015. End-of-year balances for total assets are 2013, $1,586,000; 2014, $1,700,000; and 2015, $1,882,000. (a) Compute Joy's total asset turnover for 2014 and 2015. (b) Comment on Joy's efficiency in using its assets if its competitors average a total asset turnover of 3.0. P10-3B - Computing and Revising Depreciation; Revenue and Capital Expenditures