Qu 10 QUESTION 18 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? O 0.10 times O 3 times 3.27 times 10 times O None of the above. thod of depreciation, purchased a new mach nul life O None of QUESTION 19 Morten Company, which uses the double-declining-balance method of depreciation, purchased a new m estimated useful life of 8 years and $20,000 residual value at the end of its useful life. What is the balance of the Accumulated Depreciation account at the end of 2022? O $30,000 $90,000 $40,000 O $70,000 O None of the above. Click Save and Submit to save and submit. Click Save All Answers to save all answers. Qu 10 QUESTION 18 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? O 0.10 times O 3 times 3.27 times 10 times O None of the above. thod of depreciation, purchased a new mach nul life O None of QUESTION 19 Morten Company, which uses the double-declining-balance method of depreciation, purchased a new m estimated useful life of 8 years and $20,000 residual value at the end of its useful life. What is the balance of the Accumulated Depreciation account at the end of 2022? O $30,000 $90,000 $40,000 O $70,000 O None of the above. Click Save and Submit to save and submit. Click Save All Answers to save all answers