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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. 0 b. Compute the average useful life of depreciable assets at April 30, 2019. Round answer to one decimal place. 0 years

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. 0 b. Compute the average useful life of depreciable assets at April 30, 2019. Round answer to one decimal place. 0 years

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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. 0 b. Compute the average useful life of depreciable assets at April 30, 2019. Round answer to one decimal place. 0 years
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 $7,916.4 208.1 123.3 912.2 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. 0 b. Compute the average useful life of depreciable assets at April 30, 2019. Round answer to one decimal place. 0 years
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