Computing Asset$-$Related Ratios

J$.$M$.$ Smucker included the following information in a recent $10-$K$.$

$ millions Current Year Prior Year

Sales $$23,514\mathrm{.}0$

Depreciation expense $618\mathrm{.}0$

Land $366\mathrm{.}3$ $$360\mathrm{.}3$

Buildings and fixtures $903\mathrm{.}2812\mathrm{.}6$

Machinery and equipment $6,555\mathrm{.}06,334\mathrm{.}5$

Construction in progress $965\mathrm{.}4636\mathrm{.}3$

Gross property, plant, and equipment $8,789\mathrm{.}98,143\mathrm{.}7$

Accumulated depreciation $(4,859\mathrm{.}1)(4,581\mathrm{.}6)$

Total property, plant, and equipment $$3,930\mathrm{.}8$ $$3,562\mathrm{.}1$

Required

a$.$ Compute PPE turnover for the current fiscal year.

Note: Round answers to one decimal, if applicable.

$ millions Numerator Denominator PPE Turnover

Current year: Answer $1$

$23,541$

Answer $2$

$7,492\mathrm{.}9$

$3\mathrm{.}14$

b$.$ Compute the average useful life of depreciable assets at the end of the current fiscal year.

Note: Round answers to one decimal, if applicable.

Current Year

Average useful life: Answer $3$

$0$

c$.$ Compute the percentage used up of the PPE at the end of the current fiscal year.

Note: Round answers to one decimal, if applicable.

$ millions Numerator Denominator Percent Used Up

Current year: Answer $4$

Answer $5$

$0$