Question
Computing Asset Related Ratios Dicks Sporting Goods included the following information in its year-end 2015 10-K Sales $7,270,965 PPE, gross 2,665,314 Land Construction in progress
Computing Asset Related Ratios Dicks Sporting Goods included the following information in its year-end 2015 10-K
| Sales | $7,270,965 |
| PPE, gross | 2,665,314 |
| 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
a. Compute the percentage used up of the PPE. Round answer to one decimal place (ex: 0.2345 = 23.5%) Answer %
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Forensic And Investigative Accounting
Authors: Larry Crumbley, Lester E. Heitger, G. Stevenson Smith
4th Edition
0808021435, 9780808021438
