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Can you answer the last four Following are selected disclosures from Cabela's Inc. (an outdoor adventure superstore): Property and equipment consisted of the following at

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Can you answer the last four
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 2016 2015 Land Buildings and improvements Furniture, fixtures, and equipment Assets held under capital lease Property and equipment Less accumulated depreciation and amortization $ 364,694 1,311,941 325,576 1,181,704 834,656 12,979 2,354,915 7 to 40 3 to 15 905,739 12,979 2,595,353 (833,956 1,761,397 45,812 Up to 30 052 , (707.183) 1,647,732 163,570 1,807,209 1,811,302 Construction in progress Required: a. Compute the PPE turnover for 2016 (Total revenue in 2016 is $4,129,359). b. Does the level of its PPE turnover suggest that Cabela's is capital intensive? (Hint: The median PPE turnover for all publicly traded companies is approximately 1.3.) Cabela's reported depreciation expense of $150,163 in 2016. How much of this related to land? Explain. How much of the 2016 depreciation expense is related to Construction in progress? Explain. Assuming that Cabela's uses straight-line depreciation, estimate the useful life of its depreciable PPE assets for 2016 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? c. d. e. f. g

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