If a fixed asset, such as a computer, were purchased on January 1st for $2,167 with an estimated life of 7 years and a salvage or residual value of $101, the journal entry for monthly expense under straight-line depredation is Oa Depreciation Expense 295.14 Accumulated Deprecation 295.14 Ob. Accumulated Depreciation 24.60 Depreciation Expense 24.60 Oc. Depreciation Expense 24,60 Accumulated Deprecation 24,60 Od. Accumulated Depreciation 295.14 Depreciation Expense 295.14 The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Year 2 Year 1 Total current assets $605,004 1583,061 Total investments 69,297 46,413 Total property, plant, and equipment 899,929 648,647 Total current liabilities 119,658 85,695 Total long-term liabilities 281,202 247,947 Preferred stock, $100 per 99,688 99,658 Common stock, $10 par 585,225 585,225 Paid in capital in excess of par.common stock 62,241 62,241 Retained earnings 426,216 197,325 Using the balance sheets for Kellman Company. It net income is $113,539 and interest expense is $45,130 for Year 2, what is the return on total assets for the year (round percent to two decimal points) O. 11.13 Ob 8.8% Oc. 7215 Od. 10.725 A company with working capital of $880,000 and a current ratio of 3 pays a $138,000 short-term liability. The amount of working capital Immediately after payment is Oa $138.000 Ob. $80,000 Oc. 514.00 Od 51,012.000 Based on the following data, what is the accounts receivable tumover? Sales on account during year $452,530 215,263 Cost of goods sold during year Accounts receivable, beginning of year 41,152 Accounts receivable, end of year 47,898 87,808 108,828 Inventory, beginning of year Inventory, end of year Oa. 4.2 Ob. 2.1 Oc. 11.0 Od. 10.2