Cabela. This is worth 32 points. Following are selected disclosures from Cabela's Inc. (an outdoor adventure superstore): Property and equipment consisted of the following at the years ended: Depreciable Life in Years (in thousands) 2016 2015 Land $ 364,694 $ 325,576 Buildings and improvements 7 to 40 1,311,941 1,181,704 Furniture, fixtures, and equipment 3 to 15 905,739 834,656 Assets held under capital lease Up to 30 12,979 12,979 Property and equipment 2,595,353 7 2,354,915 Less accumulated depreciation and amortization (833,956) (707,183) 1,761,397 1,647,732 Construction in progress 45,812 163,570 $ 1,807,209 $ 1,811,302 a. What is the PPE turnover for 2016 (Total revenue in 2016 is $4.129 359 thousand) Does the level of its PPE turnover suggest that Cabela's is capital intensive? The median PPE turnover for all publicly traded companies is approximately 1.3.1 b. Cabela's reported depreciation expense of $150.163 thousand in 2016. How much of this related to Land? How much of this expense related to construction in progress? Explain C. Assuming that Cabela's uses straight-line depreciation, estimate the useful life of its depreciable PPE assets. d. By what percentage are Cabela's assets used up at year-end 2016? What implication does the assets-used-up ratio have for forecasting Cabela's cash flows? www 2 THELP