Solution-Calculate depreciation costs as a percentage of

Calculate depreciation costs as a percentage of sales

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Reference no: EM132591352

Question - Heatwave Gaming develops, markets. and publishes electronic games. ZipTrain is one of the largest railway networks in the nation, with over 27,000 miles of railroads. The following data were taken from each of the companies' December 31, 2017, annual reports.

Revealing which data relate to which company was intentionally omitted. The dollar amounts are in millions.

	Company 1	Company 2
Sales	$8,380	$1, 902, 208
Depreciation costs	848	57,155
Net earnings	336	95,459
Current assets	2,914	1,281,117
Property, plant, and equipment	20,080	339,122
Total assets	24,995	2,535,632

Required -

a. Calculate depreciation costs as a percentage of sales for each company.

b. Calculate property, plant, and equipment as a percentage of total assets for each company.

c. Based on the information now available to you, which company is Ziptrain?

d. Which company appears to be using its assets most efficiently?

Reference no: EM132591352

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Calculate depreciation costs as a percentage of sales

Reference no: EM132591352

Reference no: EM132591352

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