Business, 27.10.2021 07:30 cecialva

Analyzing Fixed Assets Pitt reported the following information for Year 1 and Year 2: Year 1 Year 2
Property, plant, and equipment, cost $550,000 $550,000
Accumulated depreciation 170,000 220,000
Net sales 4,600,000
Depreciation expense 50,000
Required: Compute Pitt's fixed asset turnover ratio and the average age of its fixed assets. Round your answers to two decimal places.
Fixed asset turnover times
Average age of fixed assets years

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Analyzing Fixed Assets Pitt reported the following information for Year 1 and Year 2: Year 1 Year...

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