Sally Inc. provides the following financial information for the most recent two years (2020 and 2021) and
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Question:
Sally Inc. provides the following financial information for the most recent two years (2020 and 2021) and forecasts net sales for the year 2022.
2020 | 2021 | 2022 | |
($ in millions) | Actual | Actual | Forecast |
Net sales | $30,557.0 | $33,905.0 | $38,700.0 |
Capital expenditures | $1,134.0 | $1,211.0 | ? |
Depreciation expense | $1,310.4 | $1,453.4 | ? |
Property, plant, and equipment, gross | $10,920.0 | $12,112.0 | ? |
Accumulated depreciation | $7,182.5 | $8,635.9 | ? |
Use the information above to answer the following questions. Assume no property, plant, or equipment is sold or retired during the years 2020, 2021, or 2022.
a. | What is the forecasted amount of capital expenditures for year 2022? | |
b. | What is the forecasted amount of depreciation expense for year 2022? | |
c. | What is the forecasted amount of property, plant, and equipment, net for year 2022? |
Related Book For
Accounting
ISBN: 9781337902687
28th Edition
Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider
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