Analysis of Operating Assets

At December 31, 2017, XYZ Inc. has the following amounts on its financial statements:

Property, plant, and equipment	$15,000
Accumulated depreciation	6,000
Total assets at January 1, 2017	30,000
Total assets at December 31, 2017	40,000
Net sales	60,000
Depreciation expense	1,000

Calculate the following:

Average life of the assets:	years
Average age of the assets:	years
Asset turnover ratio (round to 2 decimal places):	times