Analyzing Fixed Assets Pitt reported the following information for Year 1 and Year 2: Year 1 Year 2
Property, plant, and equipment, cost $550,000 $550,000
Accumulated depreciation 170,000 220,000
Net sales 4,600,000
Depreciation expense 50,000
Required: Compute Pitt's fixed asset turnover ratio and the average age of its fixed assets. Round your answers to two decimal places.
Fixed asset turnover times
Average age of fixed assets years

Read the following scenario and answer the question in 5-10 sentences. you are the owner of a small business that is a defendant in a lawsuit in federal court. you received bad news from your lawyer that the judge did not allow certain documents to be admitted as evidence in court and that the jury reached a $50,000 verdict in favor of the plaintiff. your lawyer tells you that it is within your legal right to hire him to file an appeal with the united states court of appeals. if the appellate court rules in your favor, you may be able to avoid paying part or all of the $50,000. evaluate your lawyer’s suggestion about appealing the decision.

Zapper has beginning equity of $257,000, net income of $51,000, dividends of $40,000 and investments by stockholders of $6,000. its ending equity is

Bdj co. wants to issue new 22-year bonds for some much-needed expansion projects. the company currently has 9.2 percent coupon bonds on the market that sell for $1,132, make semiannual payments, have a $1,000 par value, and mature in 22 years. what coupon rate should the company set on its new bonds if it wants them to sell at par?