J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 $7,994.8 210.1 124.5 921.3 2,163.2 328.2 3,537.2 (1,652.1) $1,885.1 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 $122.5 828.9 2,090.4 216.3 3,258.1 (1,557.7) $1,700.4 a. Compute PPE turnover for fiscal year ended April 30, 2019. Round answer to one decimal place. 4.2 b. Compute the average useful life at April 30, 2019. Round answer to one decimal place. 16.8 x 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%) 46.7 * %

J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 $7,994.8 210.1 124.5 921.3 2,163.2 328.2 3,537.2 (1,652.1) $1,885.1 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 $122.5 828.9 2,090.4 216.3 3,258.1 (1,557.7) $1,700.4 a. Compute PPE turnover for fiscal year ended April 30, 2019. Round answer to one decimal place. 4.2 b. Compute the average useful life at April 30, 2019. Round answer to one decimal place. 16.8 x 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%) 46.7 * %

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter7: Operating Assets

Section: Chapter Questions

Problem 21CE

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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 $8,151.5 214.2 127.0 939.3 2,294.3 334.7 3,695.3 (1,684.5) $2,010.8 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 $124.9 845.1 2,217.1 220.6 3,407.7 (1,588.3) $1,819.4 a. Compute PPE turnover for fiscal year ended April 30, 2019. Round answer to one decimal place. 0 x b. Compute the average useful life of depreciable assets at April 30, 2019. Round answer to one decimal place. 0 x 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%) 0 * %
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ncial Reporting and Analysis Jul22 Y1 S2 Chad Partners: Balances on 30 June 2021. Vehicles R300 000 Accumulated depreciation R50 000. Adjustment Depreciation is calculated at 10% on cost. An old vehicle was disposed on 01 January 2022 for R20 000 cash. The disposed vehicle originally costed R25 000 and the Accumulated depreciation is R 3 000. Profit/loss for the disposed vehicle is: OA. Profit/loss R3 000 B. Profit/loss R750 OC. Profit/loss R500 O D. Profit /loss R1 250 Clear my choice Tyne here to search 0 sage