ACC 304 Course Great Wisdom / tutorialrank.com ACC 304 Course Great Wisdom / tutorialrank.com | Page 148

8)
Compute Campbell’s return on assets using (1) asset
turnover and profit margin and (2) net income. (Round
answers to 2 decimal places, e.g. 4.87 or 4.87%.)Return on
assets

9)
Rembrandt Company acquired a plant asset at the
beginning of Year 1. The asset has an estimated service life of
5 years. An employee has prepared depreciation schedules for
this asset using three different methods to compare the results
of using one method with the results of using other methods.
You are to assume that the following schedules have been
correctly prepared for this asset using (1) the straight-line
method, (2) the sum-of-the-years'-digits method, and (3) the
double-declining-balance method.

Year

Years'-Digits

Balance

Straight-Line

Sum-of-the-

Double-Declining-