The following (given in scrambled order) are accounts and balances from the accounting records of Alleg, Inc., as of Dec

The following (given in scrambled order) are accounts and balances from the accounting records of Alleg, Inc., as of December 31, 2012, after the books were closed for the year.

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

Common stock, authorized 21,000 share
At $1 par value, issued 12,000 shares

$12,000

Additional paid-in capital

38,000

Save Time On Research and Writing
Hire a Pro to Write You a 100% Plagiarism-Free Paper.
Get My Paper

Cash

14,000

Marketable securities

17,000

Accounts receivable

26,000

Accounts Payable

16,000

Current maturities of long-term debt

11,000

Mortgages payable

80,000

Bonds payable

65,000

Inventory

33,000

Land and buildings

57,000

Machinery and equipment

120,000

Goodwill

13,000

Patents

9,000

Other assets

45,000

Deferred income taxes (long-term liability)

18,000

Retained earnings

33,000

Accumulated depreciation

61,000

Bonds and mortgages generally have 10-30 years until maturity. Marketable securities are short-term investments that can be converted to cash in a matter of minutes.

Required:
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.
Compute the total asset turnover rate assuming that total revenues in 2012 were $682,500. Round to the nearest hundredth, e.g. 3.33.
Assume that Alleg’s primary competitor has an asset turnover of 2.12. What does this tell you about Alleg’s asset management?

Calculate the price
Make an order in advance and get the best price
Pages (550 words)
$0.00
*Price with a welcome 15% discount applied.
Pro tip: If you want to save more money and pay the lowest price, you need to set a more extended deadline.
We know how difficult it is to be a student these days. That's why our prices are one of the most affordable on the market, and there are no hidden fees.

Instead, we offer bonuses, discounts, and free services to make your experience outstanding.
How it works
Receive a 100% original paper that will pass Turnitin from a top essay writing service
step 1
Upload your instructions
Fill out the order form and provide paper details. You can even attach screenshots or add additional instructions later. If something is not clear or missing, the writer will contact you for clarification.
Pro service tips
How to get the most out of your experience with Homework Writing Services
One writer throughout the entire course
If you like the writer, you can hire them again. Just copy & paste their ID on the order form ("Preferred Writer's ID" field). This way, your vocabulary will be uniform, and the writer will be aware of your needs.
The same paper from different writers
You can order essay or any other work from two different writers to choose the best one or give another version to a friend. This can be done through the add-on "Same paper from another writer."
Copy of sources used by the writer
Our college essay writers work with ScienceDirect and other databases. They can send you articles or materials used in PDF or through screenshots. Just tick the "Copy of sources" field on the order form.
Testimonials
See why 20k+ students have chosen us as their sole writing assistance provider
Check out the latest reviews and opinions submitted by real customers worldwide and make an informed decision.
Business and administrative studies
Excellent.
Customer 460073, June 15th, 2022
Religious studies
Always proofread before submitting to identify minor errors.
Customer 460547, April 2nd, 2022
Military
excellent job
Customer 456821, October 14th, 2022
Web Design
Good work. Avoid such revisions.
Customer 452441, April 12th, 2022
Art (Fine arts, Performing arts)
Great work!!!! I will absolutely come back. Thank you to the support team and the tutor they all did a wonderful work.
Customer 454055, February 18th, 2020
Military
very good job
Customer 456821, August 3rd, 2022
Military
excellent work
Customer 456821, June 26th, 2022
Political science
Thank you
Customer 463987, March 30th, 2023
Military
excellent paper
Customer 456821, January 14th, 2023
Business and administrative studies
Always cite all resources used. (including videos)
Customer 459305, April 29th, 2022
Business
Always heed to the customer's perspective and aim at error-free content.
Customer 452441, March 28th, 2022
Military
very good job
Customer 456821, June 15th, 2022
11,595
Customer reviews in total
96%
Current satisfaction rate
3 pages
Average paper length
37%
Customers referred by a friend
OUR GIFT TO YOU
15% OFF your first order
Use a coupon FIRST15 and enjoy expert help with any task at the most affordable price.
Claim my 15% OFF Order in Chat