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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
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 $8,151.5 Depreciation expense 214.2 Land 127.0 $124.9 Buildings and fixtures 939.3 845.1 Machinery and equipment 2,294.3 2,217.1 Construction in progress 334.7 220.6 Gross property, plant, and equipment 3,695.3 3,407.7 Accumulated depreciation (1,684.5) (1,588.3) Total property, plant, and equipment $2,010.8 $1,819,4 a. Compute PPE turnover for fiscal year ended April 30, 2019. Round answer to one decimal place. 4.3 b. Compute the average useful life of depreciable assets at April 30, 2019 Round answer to one decimal place. 0 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%) 0 %
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