Question
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.
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 |
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Michael Saylor On Bitcoin The Very First Interviews
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1st Edition
979-8423442019
