Lockheed Martin Corporation reports property, plant and equipment, gross of $14,877 million in 2016 and $14,266 million in 2015. Sales revenue in 2016 was $47,248 million and capital expenditures were $1,063 million.
a. Forecast 2017 capital expenditures (CAPEX) for property, plant and equipment assuming sales are forecasted to grow at 5%.
b. What will be the forecasted amount for property, plant and equipment, gross, at the end of 2017?

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The Answer of Lockheed Martin Corporation reports property, plant and equipment, gross of $14,877 million in 2016 and $14,266 million in 2015. Sales revenue in 2016 was $47,248 million and capital expenditures were $1,063 million.
a. Forecast 2017 capital expenditures (CAPEX) for property, plant and equipment assuming sales are forecasted to grow at 5%.
b. What will be the forecasted amount for property, plant and equipment, gross, at the end of 2017?

Lockheed Martin Corporation Reports Property, Plant and Equipment, Gross of $14,877