Lockheed martin corporation reported gross property

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Reference no: EM131889837

Last year Lockheed Martin Corporation reported gross property, plant, and equipment of $12,595 million. It also reported total sales of $40,943 million and total capital expenditures of $988 million. If new capital expenditures are assumed to be directly linked to the level of sales, and sales are expected to grow by 5% 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: EM131889837

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Lockheed martin corporation reported gross property : Last year Lockheed Martin Corporation reported gross property, plant, and equipment of $12,595 million.

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