The following are financial data taken from the annual report of Bree & Company: Year 2 Year 1 Net sales $134,448 $130,060 Gross property, plant and equipment Accumulated depreciation 57,179 52,518 37,154 34,180 Intangible assets (net) 57,504 36,276 A. Calculate the following ratios for Year 1 and Year 2: 1. Fixed asset turnover 2. Accumulated depreciation divided-by-gross fixed assets B. What do the trends in these ratios reveal about Bree & Company?
The following are financial data taken from the annual report of Bree & Company: Year 2 Year 1 Net sales $134,448 $130,060 Gross property, plant and equipment Accumulated depreciation 57,179 52,518 37,154 34,180 Intangible assets (net) 57,504 36,276 A. Calculate the following ratios for Year 1 and Year 2: 1. Fixed asset turnover 2. Accumulated depreciation divided-by-gross fixed assets B. What do the trends in these ratios reveal about Bree & Company?
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter7: Fixed Assets, Natural Resources, And Intangible Assets
Section: Chapter Questions
Problem 7.3.1MBA
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![The following are financial data taken from the annual report of Bree & Company:
Year 2
Year 1
Net sales
$134,448
$130,060
Gross property, plant and equipment
Accumulated depreciation
57,179
52,518
37,154
34,180
Intangible assets (net)
57,504
36,276
A. Calculate the following ratios for Year 1 and Year 2:
1. Fixed asset turnover
2. Accumulated depreciation divided-by-gross fixed assets
B. What do the trends in these ratios reveal about Bree & Company?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff5a07e94-518f-47e9-bf1b-fa9e4ff28b53%2F19db8033-cc04-4031-9014-55cb3252b32c%2Fn7msm6_processed.png&w=3840&q=75)
Transcribed Image Text:The following are financial data taken from the annual report of Bree & Company:
Year 2
Year 1
Net sales
$134,448
$130,060
Gross property, plant and equipment
Accumulated depreciation
57,179
52,518
37,154
34,180
Intangible assets (net)
57,504
36,276
A. Calculate the following ratios for Year 1 and Year 2:
1. Fixed asset turnover
2. Accumulated depreciation divided-by-gross fixed assets
B. What do the trends in these ratios reveal about Bree & Company?
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