The following information was available from recent financial statements of Papa John's Pizza:

Required
Calculate and interpret
(1) Horizontal and vertical analyses of fixed assets and depreciation expense
(2) Fixed asset turnover ratio
(3) Average life and average age of fixed assets. Round percentages to one decimal points (e.g., 45.2%).

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Current year Prior year Property and equipment, net189,992 198,957 386,468 401,817 30,600 Property and equipment, at cost 388,080 408,074 Accumulated depreciation F198,088 e209,117 1132,087 1,063,595 Total assets Depreciation expense 31,800 Total revenues