Question: What is the forecasted value of property, plan and equipment (PP&E) based on the following information: Capital asset turnover ratio: 2.5 Forecasted revenues: $120 Forecasted

What is the forecasted value of property, plan and equipment (PP&E) based on the following information:

  • Capital asset turnover ratio: 2.5
  • Forecasted revenues: $120
  • Forecasted costs of goods sold: $80

Please select:

a-40

b-32

c-48

d-52

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