Rocover Unsaveu WURDU 11 x fx A B C D E Effective management of assets is critical for most companies. Investment in assets is needed to drive revenue growth. Identify the makeup of your company's noncurrent asset accounts and analyze the changes that occurred during the most recent accounting period. Current Year Prior Year $ Change % Change 3 Property and equipment, net $ 4,744 $ 4,454 $ 290 6.51% 4 Intangibles, net 283 285 -0.70% 5 Goodwill 154 154 6 Other assets 2,011 -19.85% 7 Total noncurrent assets 7,192 $ 7,402 $ (210) -2.84%6 8 Total assets 23,717 $ 22,536 $ 1,181 5.24% 9 Sales revenue 39,117 36,397 2,720 7.47% 10 Net income 4,029 1,933 2,096 108.43% What is the composition of the company's "property & equipment, net" in terms of types of assets (dollar amounts optional)? What is Accumulated Depreciation balance, current year? 11 Where did you find this information? (answer all questions 0.00% 2.509 1981 B 13 Which depreciation method(s) does your company use? Where did you find this policy? 1b Duter PULLEDDUNT ullalate the ratios Identified below for current year and compare to prior year (provided). 18 Complete the analysis below (fill in blanks or select correct Item) numerator denominator result prior year 20 Total asset turnover: 1.59 21 Return on assets: 8.44% Company's total asset turnover ratio is better? worse? than prior year. For every $1.00 invested In assets, the company earned $_In revenue versus last year $_ For its investment in total assets, the company earned a return of _% versus last year %. The company is looked upon favorably? unfavorably? versus prior year based on ROA. Note Nike's Nl was signficantly lower last year vs. this year year due mainly to a signifcant 22 income tax expense; which had a negative impact on ROA results last year. 23 Does the company have Goodwill? Generally, what transaction occurs that creates goodwill? Checklist 1. Asset Mngmt2. Depr'n Schedule IS V& H BS V&I partially set-up for Spring 2020 only Calculating Deprecation and Net Book Value: 460,000 34,000 Acquisition Cast = S Residual value I $ Estimated useful life = Deprecation method = should be copropriately linked to the input table puts should change your deprn schedule, (when properly setup) - Optional: try itl Copy this worksheet; change these values, see if results are correct. If not, why? What is wrong, then correct Required: 1. Prepare a depreciation schedule, using the table on slide 8-18 as guidance only use headings/form per this page 02. Calculate gain or loss if asset is sold at the end of year 5 for... $ 206,000 1 3. Calculate gain or loss if asset is sold at the end of its useful life for $ 20,500 Depreciation Accumulated Year Expense Depreciation Net Book Value
