Brief Exercise 11-21 In its 2020 annual report, Pearl Limited reports beginning of the year total assets of $2,068 million, and of the year total assets of 12.462 million total revenue of 12,557 million and net income of $111 million Calcutate Peart's asset turnover ratio. (Round answer to 2 decimal places, c.9. 52.75.) Asset tumover ratio times TO TEXT Calculate Pear's profit margin. (Round answer to decimal places. 52.754 Profit margie LINK TO TEXT Calculate Pearl's profit margin. (Round answer to 2 decimal places, w.g. 52.759.) Profit margin LINK TO TEXT Calciato Perfurate of return on sets (1) ning the assettorever and profit margin, and (2) using net income (Round answers to 2 decimalo.. 37.754) Rate of return on assets (1) Using the asset turnover and profit margin 2) Using net income INION Brief Exercise 11-22 Headlands Limited purchased an asset at a cost of $60,000 on March 1, 2020. The asset has a useful fe of seven years and an estimated residual value of $3.000. For tax purpose the set belongs in CCA Class 8, with a rate of 20%. Calculate the CCA for each year, 2020 to 2023, assuming this is the only asset in Class CCA 2020 2021 2022 1 2023 How would the calculation change for 2020-2023 based on the new CCA rules implemented in late 2016 (refootnote 20) suming this is eligible property CCA 2020 3031 2022 PUNTE VERSION BACK NET Exercise 11-5 Waterway Industries Ltd., a public company, presents you with the following information: Complete the table for the year ended December 31, 2024. The company depreciates all assets for a half year in the year of acquisition and the year of disposal (Round answers too decimal places. e.g. 5,275.) Date Accumulated Residual Life in Depreciation Description Purchased Depreciation to Depreciation Cost Value Years Method Dec 31, 2023 for 2024 Machine A Dec. 2, 2022 $145,000 $16,000 10 $40.600 Machines Aug. 15, 2021 22,000 5 Straight-line 20,000 Machine July 21, 2020 72,600 24,000 8 Double-declining-balance LINK TO TEXT Question Attempts: o of used AVEOLARI Brief Exercise 11-6 Grouper Corporation purchased a truck at the beginning of 2020 for $75,000. The truck is estimated to have a residual value of $3,000 and a useful life of 280,000 km. It was driven for 69.000 km in 2020 and 70,000 km in 2021. Calculate depredation expense for 2020 and 2021 using the units of production method. (Round per hom te decimal places. 15.124 and round Minal awwis to decimal places... 5.273.) 2020 2021 Depreciation on LINK TO LINK TO TEXT For tax Durooves, the weet's capital catalowance (CCA) rate is 30%. Calculate the CCA for 2020 and 2021 2020 2021 Capital Cost Allowance (CCA) INTOTENT LETO TEXT