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Cornerstone Exercise 7-25 Analyze Property, Plant, and Equipment At December 31, 2018, Clark Corporation reported...

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Accounting

Cornerstone Exercise 7-25 Analyze Property, Plant, and Equipment

At December 31, 2018, Clark Corporation reported beginning net property, plant, and equipment of $94,150; ending net property, plant, and equipment of $103,626; accumulated depreciation of $49,133; net sales of $212,722; and depreciation expense of $12,315.

Required:

Compute Clark Corporation's tangible capital asset turnover ratio and the average age of its tangible capital assets. (Note: Round answers to two decimal places.)

Tangible capital asset turnover ratio ??? times
Average age of fixed assets ??? years

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