Analyzing Fixed Assets

Pitt reported the following information for 2018 and 2019:

	2018		2019
Property, plant, and equipment, cost	$550,000		$ 550,000
Accumulated depreciation	170,000		220,000
Net sales			4,600,000
Depreciation expense			50,000

Required:

Compute Pitt's fixed asset turnover ratio and the average age of its fixed assets. Enter your answers to two decimal places.

Fixed asset turnover	times
Average age of fixed assets	years