Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. $...
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Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 $7,916.4 208.1 123.3 912.2 Sales Depreciation expense Land Buildings and fixtures Machinery and equipment. Construction in progress Gross property, plant, and equipment Accumulated depreciation Total property, plant, and equipment 2,250.6 325.0 3,611.1 (1,635.9) $1,975.2 $121.3 820.7 2,174.8 214.2 3,331.0 (1.542.5) $1,788.5 a. Compute PPE turnover for fiscal year ended April 30, 2019. Round answer to one decimal place. b. Compute the average useful life of depreciable assets at April 30, 2019. Round answer to one decimal place. years c. Compute the percentage used up of the PPE at April 30, 2019. Round answer to one decimal place (ex: 0.2345 = 23.5%) Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 $7,916.4 208.1 123.3 912.2 Sales Depreciation expense Land Buildings and fixtures Machinery and equipment. Construction in progress Gross property, plant, and equipment Accumulated depreciation Total property, plant, and equipment 2,250.6 325.0 3,611.1 (1,635.9) $1,975.2 $121.3 820.7 2,174.8 214.2 3,331.0 (1.542.5) $1,788.5 a. Compute PPE turnover for fiscal year ended April 30, 2019. Round answer to one decimal place. b. Compute the average useful life of depreciable assets at April 30, 2019. Round answer to one decimal place. years c. Compute the percentage used up of the PPE at April 30, 2019. Round answer to one decimal place (ex: 0.2345 = 23.5%)
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a PPE turnover Sales Average PPE 79164 17885 19752 2 43 ... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0176509736
10th Canadian Edition, Volume 1
Authors: Donald Kieso, Jerry Weygandt, Terry Warfield, Nicola Young,
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