Question: At December 31, 2011, Clark Corporation reported beginning net fixed assets of $94,150, ending net fixed assets of $103,626, accumulated depreciation of $49,133, net sales

At December 31, 2011, Clark reported beginning net fixed assets of $94,150, ending net fixed assets of $103,626, accumulated depreciation of $49,133, net sales of $212,722, and depreciation expense of $12,315.

Required:
Compute Clark Corporation’s fixed ratio and the average age of its fixed assets.

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