Question

In a recent annual report, Nike reported the following information (in millions): beginning total assets $6,821; ending total assets $7,891; beginning property, plant, and equipment $2,988 (at cost); ending property, plant, and equipment $3,132 (at cost); beginning accumulated depreciation $1,293; revenues $12,253; and depreciation expense of $252.
Required
Calculate the following ratios for Nike: fixed asset turnover, average useful life, and average age.


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  • CreatedJuly 16, 2015
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