Question
J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 Sales $7,994.8 Depreciation expense 210.1
J.M. Smucker included the following information in its April 2019 10-K.
| $ millions | Apr. 30, 2019 | Apr. 30, 2018 |
|---|---|---|
| Sales | $7,994.8 | |
| Depreciation expense | 210.1 | |
| Land | 124.5 | $122.5 |
| Buildings and fixtures | 921.3 | 828.9 |
| Machinery and equipment | 2,163.2 | 2,090.4 |
| Construction in progress | 328.2 | 216.3 |
| Gross property, plant, and equipment | 3,537.2 | 3,258.1 |
| Accumulated depreciation | (1,652.1) | (1,557.7) |
| Total property, plant, and equipment | $1,885.1 | $1,700.4 |
a. Compute PPE turnover for fiscal year ended April 30, 2019.
b. Compute the average useful life at April 30, 2019
c. Compute the percentage used up of the PPE at April 30, 2019.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
a To compute the Property Plant and Equipment PPE turnover for the fiscal year ended April 30 2019 y...
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Intermediate Accounting
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
10th Canadian Edition, Volume 1
978-1118735329, 9781118726327, 1118735323, 1118726324, 978-0176509736
