Computing Asset Related Ratios J M Smucker included the following information in its April 2019 10 K $ millions Apr 30, 2019 Apr 30, 2018 Sales $7,759 6 Depreciation expense 203 9 Land 120 9 $118 9 Buildings and fixtures 894 2 804 5 Machinery and equipment 2,228 7 2,153 7 Construction in progress 318 6 210 0 Gross property, plant, and equipment 3,562 4 3,287 1 Accumulated depreciation (1,603 5) (1,511 9) Total property, plant, and equipment $1,958 9 $1,775 2 a Compute PPE turnover for fiscal year ended April 30, 2019 Round answer to one decimal place Answer b Compute the average useful life of depreciable assets at April 30, 2019 Round answer to one decimal place c Compute the percentage used up of the PPE at April 30, 2019 Round answer to one decimal place (ex 0 2345 23 5 ) Computing Asset Related Ratios J M Smucker included the following information in its April 2019 10 K $ millions Apr 30, 2019 Apr 30, 2018 Sales $7,759 6 Depreciation expense 203 9 Land 120 9 $118 9 Buildings and fixtures 894 2 804 5 Machinery and equipment 2,228 7 2,153 7 Construction in progress 318 6 210 0 Gross property, plant, and equipment 3,562 4 3,287 1 Accumulated depreciation (1,603 5) (1,511 9) Total property, plant, and equipment $1,958 9 $1,775 2 a Compute PPE turnover for fiscal year ended April 30, 2019 Round answer to one decimal place 4 2 b Compute the average useful life of depreciable assets at April 30, 2019 Round answer to one decimal place x 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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Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 Sales $7,759.6

Computing Asset Related Ratios

J.M. Smucker included the following information in its April 2019 10-K.

$ millions	Apr. 30, 2019	Apr. 30, 2018
Sales	$7,759.6
Depreciation expense	203.9
Land	120.9	$118.9
Buildings and fixtures	894.2	804.5
Machinery and equipment	2,228.7	2,153.7
Construction in progress	318.6	210.0
Gross property, plant, and equipment	3,562.4	3,287.1
Accumulated depreciation	(1,603.5)	(1,511.9)
Total property, plant, and equipment	$1,958.9	$1,775.2

a. Compute PPE turnover for fiscal year ended April 30, 2019. Round answer to one decimal place. Answer b. Compute the average useful life of depreciable assets at April 30, 2019. Round answer to one decimal place. 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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Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 Sales $7,759.6 Depreciation expense 203.9 Land 120.9 $118.9 Buildings and fixtures 894.2 804.5 Machinery and equipment 2,228.7 2,153.7 Construction in progress 318.6 210.0 Gross property, plant, and equipment 3,562.4 3,287.1 Accumulated depreciation (1,603.5) (1,511.9) Total property, plant, and equipment $1,958.9 $1,775.2 a. Compute PPE turnover for fiscal year ended April 30, 2019. Round answer to one decimal place. 4.2 b. Compute the average useful life of depreciable assets at April 30, 2019. Round answer to one decimal place. x 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%)