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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Question

Godo

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
* %

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