Assume that no assets are expected to be sold during year

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Reference no: EM131610160

Last year Lockheed Martin Corporation reported gross property, plant, and equipment of $11,475 million. It also reported total sales of $43,307 million and total capital expenditures of $938 million. If new capital expenditures are assumed to be directly linked to the level of sales, and sales are expected to grow by $7% this year, how much will the company have in total gross property, plant, and equipment at the end of the year? Assume that no assets are expected to be sold during the year.

Reference no: EM131610160

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