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Computing Asset Related Ratios
Dicks Sporting Goods included the following information in its year-end 2015 10-K.
Sales............................................................. $7,270,965
PPE, gross ........................................................ 2,665,314
Land .............................................................
Construction in progress ............................................. 124,400
Accumulated depreciation ............................................ 1,317,429
PPE, net, at year-end 2014 ........................................... 1,203,382
Depreciation expense................................................ 193,594
Required
a. Compute PPE turnover.
b. Compute the average useful life.
c. Compute the percentage used up of the PPE.
Answer & Explanation
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