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please answer 13,14,15 13 During 2022, Phelps Corporation reported not sales of $2.500.000 not income of 31,320,000, and depreciation pense of $80.000 Phelps also reported
please answer 13,14,15
13 During 2022, Phelps Corporation reported not sales of $2.500.000 not income of 31,320,000, and depreciation pense of $80.000 Phelps also reported beginning total assets of $1,000,000 onding total assets of $1.500.000 plant assets of SB00.000. and accumulated depreciation of $500.000 Phelps's assol turnover is a 1.3 times b. 11 times C 1.7 times d 2.0 times 14. Trademarks are generally shown on the balance sheet under . a Intangibles b. Investments c Property. Plant, and Equipment d. Current Assets 15. A company has the following assets Buildings and Equipment, less accumulated depreciation of $4,000,000 Copyrights Patents $23,000,000 1,500,000 3,000,000 5,000,000 Land The total amount reported under Property, Plant, and Equipment would be a $32,500,000 b. $27,000,000 $29,500,000 d $28,000,000Step by Step Solution
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