In recent years, Monty Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant selected the depreciation method for each bus, and various methods were selected. Information concerning the buses is shown as follows.

Bus		Acquired		Cost		Salvage Value		Useful Life in Years		Depreciation Method
1		1/1/18		$ 98,600		$ 8,000		5		Straight-line
2		1/1/18		128,000		10,500		4		Declining-balance
3		1/1/19		78,180		7,500		5		Units-of-activity

For the declining-balance method, the company uses the double-declining rate. For the units-of-activity method, total miles are expected to be 114,000. Actual miles of use in the first 3 years were 2019, 26,500; 2020, 36,000; and 2021, 33,000.

For Bus #3, calculate depreciation expense per mile under units-of-activity method. (Round answer to 2 decimal places, e.g. 0.50.)

Depreciation expense

$

per mile

Sheffield Company and Bramble Corporation, two corporations of roughly the same size, are both involved in the manufacture of in- line skates. Each company depreciates its plant assets using the straight-line approach. An investigation of their financial statements reveals the following information. Net income Sales revenue Average total assets Average plant assets Sheffield Co. $ 850,000 1,147,500 2,550,000 1,820,000 Bramble Corp. $1,100,000 1,045,200 2,010,000 1,050,000 (a) For each company, calculate the asset turnover. (Round answers to 2 decimal places, e.g. 0.60.) Sheffield Co. Bramble Corp. Asset turnover times times