View Policies Current Attempt in Progress During 2022, Swifty Corporation reported net sales of $2850000, net income of $1300000, and depreciation expense of $120000. Swifty also reported beginning total assets of $1090000, ending total assets of $1310000, plant assets of $1200000, and accumulated depreciation of $900000. Swifty's asset turnover is (Round answer to 1 decimal place, eg. 15.2.) 2.4 times. 2.2 times. 1.0 times. O 1.2 times. e Textbook and Media Save for Later Attempts: 0 of 1 used Submit Answer View Policies Current Attempt in Progress A factory machine was purchased for $197000 on January 1, 2022. It was estimated that it would have a $36000 salvage value at the end of its 5-year useful life. It was also estimated that the machine would be run 35000 hours in the 5 years. If the actual number of machine hours ran in 2022 was 3500 hours and the company uses the units-of-activity method of depreciation, the amount of depreciation expense for 2022 would be O $32200 O $16100. O $39400. O $19700. eTextbook and Media Save for Later Attempts: 0 of 1 used Submit Answer View Policies Current Attempt in Progress A company has the following assets: Buildings and Equipment, less accumulated depreciation of $5800000 $22500000 Copyrights 2450000 Patents 14500000 Land 16500000 The total amount reported under Property, Plant, and Equipment would be $53500000. O $55950000 O $41450000 $39000000. eTextbook and Media Save for Later Attempts: 0 of 1 used Submit