The following information is available from the 2019 annual reports of Fresh Food and Food for Cheap:
Required:
(a) Based on the preceding information, calculate the following values for each company:
1. average useful life of plant assets
2. average age of plant assets
3. asset turnover.
(b) What conclusion concerning the management of plant assets can be drawn from these data?

Question

The following information is available from the 2019 annual reports of Fresh Food and Food for Cheap:
  Required:
(a) Based on the preceding information, calculate the following values for each company:
 1. average useful life of plant assets
 2. average age of plant assets
 3. asset turnover.
(b) What conclusion concerning the management of plant assets can be drawn from these data?

Quizplus · Accepted Answer

The Answer of The following information is available from the 2019 annual reports of Fresh Food and Food for Cheap:
  Required:
(a) Based on the preceding information, calculate the following values for each company:
 1. average useful life of plant assets
 2. average age of plant assets
 3. asset turnover.
(b) What conclusion concerning the management of plant assets can be drawn from these data?

The Following Information Is Available from the 2019 Annual Reports