Depreciable

Life

$($in Years$)2016,2015$

Land

$$169,839$$$169,398$

Buildings and improvements

Furniture, fixtures and equipment

Assets held under capital lease

Property and equipment

Less accumulated depreciation and

amortization

$7$ to $40,549,793,500,193$

$3$ to $15,516,323,444,948$

Up to $30,14,363,14,363$

$836,325765,294$

Construction in progress

$30,574,52,653$

$$866,899$$$817,947$

Compute the PPE turnover for $2016($Total revenue in $2011$ is $$2,811,166$ thousand$).$ 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

$1\mathrm{.}3.)$

Looking at the PPE turnover, what can we infer about the overall asset productivity of the company?

Cabela's reported depreciation expense of $$71,343$ thousand in $2016.$ How much of this related to Land and improvements?

How much of this expense related to Construction in progress? Explain.

Assuming that Cabela's uses straight$-$line depreciation, estimate the useful life of its depreciable PPE assets.

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?