Computing and Interpreting Percent Depreciated and PPE Turnover The following footnote is from Note 4 to the 2011 10-K of Adams Golf, Inc., a Texas-based manu- facturer of golf equipment ($ thousands): E8-33. LO6 Ac Property and Equipment, net 2011 2010 Property and equipment consist of the following at December 31 2,691 2,629 7854 993 328 (10,925) . . . 8,011 1,117 447 Computers and software (1.320) 946 $ 879 Calculate the percent depreciated ratio for each year. Sales revenue totaled $96,504 in 2011 (all values are in S thousands). Calculate the PPE turn- over ratio (PPET) a. b. c Comment on these ratios. Do you notice anything unusual