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Question 1 x Your answer is incorrect. Try again. Pharoah Ltd, Incurs these expenditures in purchasing a truck: invoice price $46.090; installation of a trailer hitch $940; one-year accident Insurance policy $896; motor vehicle licence $158; painting and lettering $700. What is the cost of the truck? Cost of the truck 48084 Question 4 Pharoah Ltd. purchased a delivery truck on May 1, 2018, at a cost of $81,720. The truck is expected to have a residual value of $8,080 at the end of its 4- year useful life. Pharoah has a December 31 year end. Calculate the depreciation expense using the diminishing-balance method for 2018 and 2019. Assume the depreciation rate is equal to one time the straight-line rate. (Round answers to o decimal places, e.g. 5,275.) Depreciation expense 2018 13620 2019 Question 10 Gildan Activewear Inc. reported the following selected financial information (all in U.S. $ millions): net sales of $2,415 in 2015, $2,360 in 2014, and $2.184 in 2013. The company also reported net income of $237 in 2015, $360 in 2014, and $320 in 2013. Assets at the end of 2015 were $2,911; at the end of 2014, $2,593; and at the end of 2013, $2,044. Calculate Gildan's asset turnover, profit margin, and return on assets for 2015 and 2014. (Round answers to 1 decimal place, .. 5.2.) (s in U.S. millions) 2015 2014 Asset turnover times times Profit margin Return on assets

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