Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 $7,838.0 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 206.0 122.1 903.2 2,185.0 321.8 3,532.1 (1,619.7) $1,912.4 $120.1 812.6 2,111.5 212.1 3,256.3 (1,527.2) $1,729.1 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 4 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 $7,838.0 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 206.0 122.1 903.2 2,185.0 321.8 3,532.1 (1,619.7) $1,912.4 $120.1 812.6 2,111.5 212.1 3,256.3 (1,527.2) $1,729.1 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 4 c. Compute the percentage used up of the PPE at April 30, 2019. Round answer to one decimal place (ex: 0.2345 = 23.5%) %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Computing Asset Related Ratios
J.M. Smucker included the following information in its April 2019 10-K.
$ millions
Apr. 30, 2019 Apr. 30, 2018
$7,838.0
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
206.0
122.1
903.2
2,185.0
321.8
3,532.1
(1,619.7)
$1,912.4
$120.1
812.6
2,111.5
212.1
3,256.3
(1,527.2)
$1,729.1
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
4
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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