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Computing Asset Related Ratios Dicks Sporting Goods included the following information in its year-end 2015 10-K Sales $7,559,853 PPE, gross 2,731,980 Land Construction in progress
Computing Asset Related Ratios Dicks Sporting Goods included the following information in its year-end 2015 10-K
Sales | $7,559,853 |
PPE, gross | 2,731,980 |
Land | |
Construction in progress | 124,400 |
Accumulated depreciation | 1,317,429 |
PPE, net, at year-end 2014 | 1,203,382 |
Depreciation expense | 193,594 |
a. Compute PPE turnover. Round answer to one decimal place. Answer
b. Compute the average useful life. Round answer to one decimal place. Answer
years c. Compute the percentage used up of the PPE. Round answer to one decimal place (ex: 0.2345 = 23.5%) Answer
%
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