What is projected capital expenditures

Assignment Help Financial Management

Reference no: EM131979406

1. CVS Health Corporation reported sales of $177,526 million, property, plant and equipment (PPE), net of $10,175 million, and capital expenditures of $2,224 million in 2016.

If sales are projected to increase 4% per year over the next five years, what is the projected capital expenditures (purchases of new PPE) for 2017?

A. $7,951 million

B. $3,313 million

C. $2,224 million

D. $7,775 million

E. $2,400 million

2. In its 2017 annual report, Liberty Company reported sales of $1,200 million. If you anticipate that sales will grow by 4% each year for the foreseeable future, what will 2021 forecasted sales be?

A. $1,403.8 million

B. $1,248.0 million

C. $1,349.8 million

D. $1,179.7 million

E. None of the above

Reference no: EM131979406

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