PLEASE ANSWER A-D
1. What does the company report for the following items for the most current fiscal year? Enter your answer in millions. If an amount is zero, enter "0" Hint: The notes accompanying the financial statements contain supplemental balance sheet information. 2. What depreciation method does the company use? 3. Assume that the company projects the following: - Investment in property, plant, and equipment is expected to increase by 11% in the next fiscal year. - Accumulated depreciation and amortization will increase at a similar rate. - Net sales are expected to be $74,000. 3. Assume that the company projects the following: - Investment in property, plant, and equipment is expected to increase by 11% in the next fiscal year. - Accumulated depreciation and amortization will increase at a similar rate. - Net sales are expected to be $74,000. Assume all other items remain unchanged from the prior year. If an amount is zero, enter " 0 ". Answer the following for the next fiscal year: a. Assuming a useful life of 11 years and no residual value, what is the expected amount of depreciation expense? Round your answer to the nearest million. q million b. What is the fixed asset turnover ratio? Round your final answer to two decimal places. c. What is the average age of fixed assets? Round your final answer to two decimal places. years d. What is depreciation expense as a percentage of net sales? Round your answer to two decimal places. 1. What does the company report for the following items for the most current fiscal year? Enter your answer in millions. If an amount is zero, enter "0" Hint: The notes accompanying the financial statements contain supplemental balance sheet information. 2. What depreciation method does the company use? 3. Assume that the company projects the following: - Investment in property, plant, and equipment is expected to increase by 11% in the next fiscal year. - Accumulated depreciation and amortization will increase at a similar rate. - Net sales are expected to be $74,000. 3. Assume that the company projects the following: - Investment in property, plant, and equipment is expected to increase by 11% in the next fiscal year. - Accumulated depreciation and amortization will increase at a similar rate. - Net sales are expected to be $74,000. Assume all other items remain unchanged from the prior year. If an amount is zero, enter " 0 ". Answer the following for the next fiscal year: a. Assuming a useful life of 11 years and no residual value, what is the expected amount of depreciation expense? Round your answer to the nearest million. q million b. What is the fixed asset turnover ratio? Round your final answer to two decimal places. c. What is the average age of fixed assets? Round your final answer to two decimal places. years d. What is depreciation expense as a percentage of net sales? Round your answer to two decimal places
