Analyze Property, Plant, and Equipment}

At December 31, 2018, Clark Corporation reported beginning net property, plant, and equipment of \(\$ 94,150\); ending net property, plant, and equipment of \(\$ 103,626\); accumulated depreciation of \(\$ 49,133\); net sales of \(\$ 212,722\); and depreciation expense of \(\$ 12,315\).

\section*{Required:}

Compute Clark Corporation's tangible capital asset turnover ratio and the average age of its tangible capital assets. (Note: Round answers to two decimal places.)

\section*{OBJECTIVE 10 Cornerstone Exercise