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  3. nd sale corporareports a sports annual sales of $1

nd sale Corporareports a sports annual sales of $1,500,000. Its accounts receivable verged $125,000. (Totaling...

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nd sale Corporareports a sports annual sales of $1,500,000. Its accounts receivable verged $125,000. (Totaling 6 points) Le company's accounts receivable turnover rate. (3 points) the average days outstanding of the company's accounts receivable. (3 throughout the year averaged Sis Compute the company . Compute the average days outstar paits) Twin Cities, Inc., purchased a building for $400,000. Straight-line depreciation was used for each of the first two years using the following assumptions: 25-year estimated useful life, with a residual value of $100,000. (Totaling 6 points) Calculate the annual depreciation for the first two years that Twin-Cities owned the building. (3 points) b. Calculate the book value of the building at the end of the second year. (3 points) 6 #8 in cities, Inc., purchased a building for $400,000. Straight-line depreciation was used for each of the first two years using the following assumptions: 25-year estimated useful life, with a residual value of $100,000. (Totaling 6 points) Calculate the annual depreciation for the first two years that Twin-Cities owned the building. (3 points) . b. Calculate the book value of the building at the end of the second year. (3 points) 6 1 #8

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