Ex. 295 Buildings€1,280,000 Goodwill350,000 Patents460,000 Coal Mine440,000 Accumulated Depreciation620,000 Accumulated Depletion275,000 Instructions Prepare a partial statement of...

Ex. 295

Buildings€1,280,000

Goodwill350,000

Patents460,000

Coal Mine440,000

Accumulated Depreciation620,000

Accumulated Depletion275,000

Instructions

Prepare a partial statement of financial position for Rangel Company that shows how the above listed items would be presented.

Ex. 296

Compute the asset turnover ratio based on the following:

Beginning total assets$ 800,000

Ending total assets1,200,000

Net income300,000

Net sales2,500,000