Jaden Enterprises reports gross property and equipment of $86.3 million in 2017 and $73.1 million in 2016. Sales revenue in 2017 was $880 million. 2017 capital expenditures were $22.0 million.
a. Forecast 2018 capital expenditures (CAPEX) for property and equipment assuming sales are forecasted to grow at 5%.
b. What will be the forecasted amount for property and equipment, gross, at the end of 2018?

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The Answer of Jaden Enterprises reports gross property and equipment of $86.3 million in 2017 and $73.1 million in 2016. Sales revenue in 2017 was $880 million. 2017 capital expenditures were $22.0 million.
a. Forecast 2018 capital expenditures (CAPEX) for property and equipment assuming sales are forecasted to grow at 5%.
b. What will be the forecasted amount for property and equipment, gross, at the end of 2018?

Jaden Enterprises Reports Gross Property and Equipment of $86