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Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. Apr. 30, 2019 Apr. 30, 2018 $ millions Sales

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Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. Apr. 30, 2019 Apr. 30, 2018 $ millions Sales Depreciation expense Land $7,916.4 208.1 123.3 $121.3 Buildings and fixtures 912.2 820.7 Machinery and equipment 2,250.6 2,174.8 Construction in progress 325.0 214.2 Gross property, plant, and equipment 3,611.1 3,331.0 Accumulated depreciation (1,635.9) (1,542.5) Total property, plant, and equipment $1,975.2 $1,788.5 a. Compute PPE turnover for fiscal year ended April 30, 2019. Round answer to one decimal place. 0 b. Compute the average useful life of depreciable assets at April 30, 2019. Round answer to one decimal place. 0 years

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