Answered step by step
Verified Expert Solution
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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started