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Please answer these questions in the format given The following data were included in a recent Mango, Incorporated annual report ( $ in millions): Required:
Please answer these questions in the format given
The following data were included in a recent Mango, Incorporated annual report ( $ in millions): Required: Compute Mango's fixed asset turnover ratio for 2018, 2019, and 2020. Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. Required information [The following information applies to the questions displayed below.] Shahia Company bought a building for $91,000 cash and the land on which it was located for $125,000 cash. The company paid transfer costs of $15,000 ( $7,000 for the bullding and $8,000 for the land). Renovation costs on the bullding before it could be used were $24,000. Required: 1. Prepare the journal entry to record the purchase of the property, Including all relevant expenditures. Assume that all transactions were for cash and that all purchases occurred at the start of the year. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Record the purchase of property, including all expenditures, paid with cash. Note: Enter debits before credits Step by Step Solution
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