Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K....
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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 $8,073.1 Depreciation expense 212.2 Land 125.8 $123.7 Buildings and fixtures 930.3 837.0 Machinery and equipment 2,206.9 2,132.6 Construction in progress 331.5 218.5 Gross property, plant, and equipment 3,594.5 3,311.8 Accumulated depreciation (1,668.3) (1,573.0) Total property, plant, and equipment $1,926.2 $1,738.8 b. Compute the average useful life of depreciable assets at April 30, 2019. Round answer to one decimal place. 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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