Question
Computing Asset Related Ratios Dicks Sporting Goods included the following information in its year-end 2015 10-K Sales $7,870,964 PPE, gross 2,787,536 Land Construction in progress
Computing Asset Related Ratios Dicks Sporting Goods included the following information in its year-end 2015 10-K Sales $7,870,964 PPE, gross 2,787,536 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 5.4 b. Compute the average useful life. Round answer to one decimal place. Answer 14.4 years c. Compute the percentage used up of the PPE. Round answer to one decimal place (ex: 0.2345 = 23.5%) Answer 47.3 % answers in these were marked wrong please provide how answers are obtained
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started