North Coast Petroleum holds huge reserves of ol assets. Assume that at the end of 2018. North Coast Pero's cost of reserves totaled $108.000.000, presenting 2.000.000 barrels of oll Read the requirements Requirement 1. Which method does North Coast Petroleum use to compute depletion? is the method used to compute depletion Requirement 2 Suppose Norn Coast Petroleum removed and sold 700.000 bars of oldung 2019. Journal depletion expert for 2019. Aunor Record Gebits first, then cred Select the explanation on the last line of the journal entry table) Date Accounts and Explanation Debit Credit Requirements Cho 1. Which method does North Coast Petroleum use to compute depletion 2. Suppose North Coast Petroleorremoved and sold 700.000 barrels of oil during 2019 Journal depletion expense for 2019 Babino Company had net sales revenue of $54,200,000 for the year ended May 31, 2016. its beginning and ending total assets were $53,800,000 and $95,000,000, respectively. Determine Babino's asset burnover ratio for year ended May 31, 2018. (Round the asset tumover ratio to two decimal places, XXX) Asset lumover ratio