E6-39. Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019...
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E6-39. Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K. $ millions Apr. 30, 2019 Apr. 30, 2018 $7,838.0 206.0 Sales. ..... Depreciation expense. Land ..... Buildings and fixtures. Machinery and equipment Construction in progress.. Gross property, plant, and equipment .... Accumulated depreciation .... Total property, plant, and equipment ..... $ 122.1 903.2 2,185.0 321.8 3,532.1 (1,619.7) $1,912.4 $ 120.1 812.6 2,111.5 212.1 3,256.3 (1,527.2) $1,729.1 Required Compute PPE turnover for fiscal year ended April 30, 2019. b. Compute the average useful life of depreciable assets at April 30, 2019. c. Compute the percentage used up of the PPE at April 30, 2019
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