On January 1, 2011, Ace Electronics paid $400,000 cash for a computer that would be used to store and process its accounting information. The computer has a 5-year useful life, after which it will be worthless because it will be obsolete. Ace Electronics uses the double-declining balance method to depreciate its assets. The book value of the computer at December 31, 2013 is _____. $0 $313, 600 $86, 400 $57, 600 Negative cash flow from financing activities on the statement of cash flows means that a company has _____. paid a large cash dividend to shareholders paid more for operating expenses than it collected from customers sold additional shares of common stock bought additional property, plant and equipment Use the following selected information from PDG Corporation to determine the asset turnover ratio for the year. 0.15 2.77 0.26 0.31