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Trujillo Company had the following selected account balances for the years presented:
2019
2018
2017
$481,317
Sales $510,329
$495,761
Cash 7,722
6,756
6,867
PPE, gross 185,810
185,154
179,492
Accumulated 81,493
77,479
71,782
Depreciation
Question 1: Calculate Trujillo's PPE Turnover ratio for years 2017, 2018 and 2019. (Be sure to show your calculations).
Question 2: What does Trujillo's PPE Turnover ratio trend indicate regarding how the company is managing its capital assets?
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