In its 2016 annual report, Fish Ltd reports beginning total assets of $37.42 billion; ending total assets

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In its 2016 annual report, Fish Ltd reports beginning total assets of $37.42 billion; ending total assets of $35.58 billion; beginning property, plant and equipment (at cost) of $40.8 billion; ending property, plant and equipment (at cost) $39.2 billion; ending accumulated depreciation of $9.6 billion; depreciation expense of $1600 million; and net sales of $21.17 billion.

(a) Calculate the average useful life of Fish’s property, plant and equipment.

(b) Calculate the average age of Fish’s property, plant and equipment.

(c) Calculate Fish’s asset turnover.

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Financial Accounting Reporting Analysis And Decision Making

ISBN: 9780730313748

5th Edition

Authors: Shirley Carlon, Rosina Mladenovic Mcalpine, Chrisann Palm, Lorena Mitrione, Ngaire Kirk, Lily Wong

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