Bakiponi Corp. provides the following data from its recent financial statements: (Dollars in millions) 2018 2019...

 

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Bakiponi Corp. provides the following data from its recent financial statements: (Dollars in millions) 2018 2019 Beginning Gross Fixed Assets $2,140,000 $2,260,000 Ending Gross Fixed Assets 2,260,000 2,380,000 Beginning Accumulated Depreciation 1,210,000 1,420,000 Current year Depreciation Expense 210,000 260,000 Current year Sales Revenue 3,150,000 4,020,000 What is the average age of the company's fixed assets as of the end of 2019? (Round your answer to two decimal places, X.XX.) 5.46 What is the fixed asset turnover ratio for 2019? 1.73 Bakiponi Corp. provides the following data from its recent financial statements: (Dollars in millions) 2018 2019 Beginning Gross Fixed Assets $2,140,000 $2,260,000 Ending Gross Fixed Assets 2,260,000 2,380,000 Beginning Accumulated Depreciation 1,210,000 1,420,000 Current year Depreciation Expense 210,000 260,000 Current year Sales Revenue 3,150,000 4,020,000 What is the average age of the company's fixed assets as of the end of 2019? (Round your answer to two decimal places, X.XX.) 5.46 What is the fixed asset turnover ratio for 2019? 1.73

Answer rating: 100% (QA)

Average age of companys fixed assets as of the end of 2019 646 Fixed Assets Turnover Ratio for 2019 ... View the full answer