On January 1, 2017. Whittle. Inc. purchased timber rights for $ 1, 500,000, which are expected to produce a total of 2,000,000 cords of wood over 4 years. The cords of wood cut were 200,000 in 2017 and 280,000 in 2018. Depletion for 2017 equals: A) $150,000. B) $200,000. C) $400,000. D) $275,000. The following information is available from the accounting records of the Bright Company: Beginning balance of fixed assets $ 100,000 Net sales revenue 360,000 Ending balance of fixed assets 120,000 Net income 36,000 What is the fixed asset turnover ratio? A) 0.10 times B) 3 times C) 3.27 times D) 10 times