Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

$ millions Apr. 30, 2019 Apr. 30, 2018 Sales $7,838.0 Depreciation expense 206.0 Land $122.1 $120.1 Buildings and fixtures 903.2 $812.6 Machinery and equipment 2,185.0

$ millions Apr. 30, 2019 Apr. 30, 2018
Sales $7,838.0
Depreciation expense 206.0
Land $122.1 $120.1
Buildings and fixtures 903.2 $812.6
Machinery and equipment 2,185.0 $2,111.5
Construction in progress 321.8 $212.1
Gross property, plant, and equipment 3,532.1 3,256.3
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.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%)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions