omputing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 Sales $7,838.0 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. 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. Answer 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%)
omputing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 Sales $7,838.0 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. 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. Answer 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%)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter7: Operating Assets
Section: Chapter Questions
Problem 36BE: Analyzing Fixed Assets Pitt reported the following information for 2018 and 2019: Required: Compute...
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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 | $7,838.0 | |
| 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.
Round answer to one decimal place.
Answer
b. Compute the average useful life of
Round answer to one decimal place.
Answer
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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