Chapter 11- Depreciation, Impairments, And Depreciation Flashcards
1
Q
How do you find an asset’s deprecation base?
A
Original cost - Salvage value
2
Q
How do you calculate profit margin of sales?
A
Net Income/ Net Sales
3
Q
How do you calculate return on assets?
A
Net Income / Average Total Assets
4
Q
How do you calculate asset turnover?
A
Net Sales / Average Total Assets
