Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. computing asset related ratios j.m. smucker includ

Computing Asset Related Ratios J.M. Smucker included the following information in its April 2019 10-K....

90.2K

Verified Solution

Question

Accounting

image
image
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%) %

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Weiland Co. shows the following information on its 2016 income statement: sales = $173,000; costs =...

Finance
Q

Claire designed a new personality test Her participants took her test twice and got the...

Biology
Q

A photon has the same wavelength as the de Broglie wavelength of electron Given that...

Physics
Q

Let E 2xyi xj be the electric field distribution in the space All are in...

Physics
Q

A river narrows at a rapids from a width of 12 m to a width...

Physics
Q

A box contains one each of 1 5 10 20 and 100 bills It costs...

Basic Math
Q

X n 1 sinyalinin hangisidir ap sinyalinin ortalama g c E 1 bp E 2...

Basic Math
Q

0 4 4 8 8 12 12 16 16 20 20 24 24 28 28...

Statistics
Q

Required information [The following informanion opplies to the questions disployed below] Bunnell Corporation is a...

Accounting
Q

Assume that you are the chief accountant for Elis Consulting Services. Follow the instructions to...

Accounting
Q

Marla recently inherited $50,000 and is considering two alternatives for investing these funds. Investment A...

Accounting
Q

10. Based on Table No. 1, below the expected forecast for the following years year...

Finance