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 manufacturer of golf equipment ($ thousands) Property and Equipment, net Property and equipment consist of the following at December 31 2011 2010 Equipment Computers and software Furniture and fixtures Leaseholds improvements Accumulated depreciation and amortization $2,691 $2,629 8,011 7,854 993 328 (11,220) (10,825) $1,046 $979 1,117 447 Required a. Calculate the percent depreciated ratio for each year. Round to one decimal place. 2011 2010 9% b. Sales revenue totaled $96,504 in 2011 (all values are in $ thousands). Calculate the PPE turnover ratio (PPET) Round your answer to one decimal place 2011 times