Your Company had sales of $37,000. Returns and allowances were $1,596. The beginning balance for total assets for the period was $14,530. The ending balance was. $16,750 million. What is Your Company's total asset turnover? 2.11 2.21 2.44 2.26 2.36 Your Corporation uses the units of production method when depreciating its equipment purchased equipment for $400,000. An additional $15,850 was spent to get the equipment operational It will produce 1,200,000 units over its 5-year useful life and it has a salvage value of $7,500. The company produced 310,000 units with the equipment during the year of purchase. What amount will be recorded for depreciation expense for the equipment in the first year? $103,333 $101,396 $107,428 $105,490 Your Company earned $400,000 of revenue on account and $100,000 of cash sales during the year. It collected $250,000 of its receivables during the year. The beginning balance in the accounts receivable was $20,000 and allowance accounts beginning balance was $400. The com any estimated that it will be unable to collect $8,000 of its current year's sales on account. What is the net realizable value of the receivables at year end? $261,600 $170,000 $161,600 $178,400 $162,000