08 Jun REQUIRED: 1. PREPARE A CLASSIFIED BALANCE SHEET WITH A PROPER HEADING ON A
Required:
1. Prepare a classified balance sheet with a proper heading on a spreadsheet. For assets, use the classifications of current assets, plant and equipment, intangibles, and other assets. For liabilities, use the classifications of current liabilities and long-term liabilities.
2. Compute the total asset turnover rate assuming that total revenues in 2012 were $682,500. Round to the nearest hundredth, e.g. 3.33.
3. Assume that Alleg’s primary competitor has an asset turnover of 2.12. What does this tell you about Alleg’s asset management?
Ensure your work is accurate and reflects APA requirements.
Details are attached to this message. Due this Friday 10/23/2015.
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