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Question - Trujillo Company had the following selected account balances for the years presented:
2019
2018
2017
2016
Sales
$510,329
$495,761
$481,317
$478,614
Cash
7,722
6,756
6,867
8,705
PPE, gross
185,810
185,154
179,492
176,958
Accumulated Depreciation
81,493
77,479
71,782
66,787
Required -
1. Calculate Trujillo's PPE Turnover ratio for years 2017, 2018 and 2019.
2. What does Trujillo's PPE Turnover ratio trend indicate regarding how the company is managing its capital assets?
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