Please do not give image format Computing Asset Related RatiosJ.M. Smucker included the following information in its April 2019 10-K.$ millionsApr. 30, 2019 Apr. 30, 2018$8,151.5SalesDepreciation expense214.2Land$124.9Buildings and fixtures845.1Machinery and equipment2,217.1Construction in progress334.7220.6Gross property, plant, and equipment 3,695.33,407.7Accumulated depreciation(1,684.5)(1,588.3)Total property, plant, and equipment $2,010.8 $1,819.4127.0939.32,294.3a. Compute PPE turnover for fiscal year ended April 30, 2019.Round answer to one decimal place.Answerb. Compute the average useful life of depreciable assets at April 30, 2019.Round answer to one decimal place.Answeryearsc. Compute the percentage used up of the PPE at April 30, 2019.Round answer to one decimal place (ex: 0.2345 = 23.5%)*** PLEASE DO NOT USE SAME ANSWERS AS THIS QUESTION POSTED ELSEWHERE, THEY ARE ALL WRONG.

ASSETS TURNOVER RATIO Assets Turnover Ratio is the Ratio Between Sales Revenue & Total Assets.…

Sales Depreciation expense $8,151.5 214.2 127.0 Land Buildings and fixtures 939.3 Machinery and equipment 2,294.3 Construction in progress 334.7 Gross property, plant, and equipment 3,695.3 Accumulated depreciation (1,684.5) $124.9 845.1 2,217.1 220.6 3,407.7 (1,588.3)

Sales Depreciation expense $8,151.5 214.2 127.0 Land Buildings and fixtures 939.3 Machinery and equipment 2,294.3 Construction in progress 334.7 Gross property, plant, and equipment 3,695.3 Accumulated depreciation (1,684.5) $124.9 845.1 2,217.1 220.6 3,407.7 (1,588.3)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

Please do not give image format

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
Sales
Depreciation expense
214.2
Land
$124.9
Buildings and fixtures
845.1
Machinery and equipment
2,217.1
Construction in progress
334.7
220.6
Gross property, plant, and equipment 3,695.3
3,407.7
Accumulated depreciation
(1,684.5)
(1,588.3)
Total property, plant, and equipment $2,010.8 $1,819.4
127.0
939.3
2,294.3
a. Compute PPE turnover for fiscal year ended April 30, 2019.
Round answer to one decimal place.
Answer
b. Compute the average useful life of depreciable assets at April 30, 2019.
Round answer to one decimal place.
Answer
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%)
*** PLEASE DO NOT USE SAME ANSWERS AS THIS QUESTION POSTED ELSEWHERE, THEY ARE ALL WRONG.

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