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Computing Asset Related Ratios J . M . Smucker included the following information in its April 2 0 1 9 1 0 - K .

Computing Asset Related Ratios
J.M. Smucker included the following information in its April 201910-K.
$ millions Apr. 30,2019 Apr. 30,2018
Sales $7,838.0
Depreciation expense 206.0
Land 122.1 $120.1
Buildings and fixtures 903.2812.6
Machinery and equipment 2,185.02,111.5
Construction in progress 321.8212.1
Gross property, plant, and equipment 3,532.13,256.3
Accumulated depreciation (1,619.7)(1,527.2)
Total property, plant, and equipment $1,912.4 $1,729.1
a. Compute PPE turnover for fiscal year ended April 30,2019.
Round answer to one decimal place.
Answer
4.3
b. Compute the average useful life of depreciable assets at April 30,2019.
Round answer to one decimal place.
Answer
7.9
years
c. Compute the percentage used up of the PPE at April 30,2019.
Round answer to one decimal place (ex: 0.2345=23.5%)

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