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Using 2018 Annual Report for Dollar General pages 41-68 (it is public information and can be found online by googling. Chegg does not allow me

Using 2018 Annual Report for Dollar General pages 41-68 (it is public information and can be found online by googling. Chegg does not allow me to add the link)

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A crucial issue in analyzing PP&E is determining what level of investment in PP&E is necessary to generate a given level of sales. To do this we find the PP&E turnover ratio, which is computed as follows: Sales PPE Turnover = A AveragePPE, net* *Average PP&E, net = Beg. PP&E, het + Ending PP&E, het A higher PPE turnover implies a lower investment in PP&E for a given level of sales. This increases profitability because the company avoids PP&E asset carrying costs. There is wide variability in PP&E turnover rates across industries. Capital intensive industries such as utilities, transportation, and wireless telecommunication report relatively low turnover rates, reflecting the large levels of PP&E investment required to compete in those areas. Big Lots, a competitor of Dollar General has a PP&E Turnover ratio of 7.55X for their 2018 fiscal year. Compute Dollar General's PP&E turnover ratio for their 2018 fiscal year (ending 2/1/2019). a. 9.04x O c. 9.49% O d. 4.52x b. 8.63X

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