Following are selected disclosures from Cabelas (an outdoor adventure superstore):

5. PROPERTY AND EQUIPMENT (In thousands)
	Depreciable Life
	(in Years)	2016	2015
Land		$169,839	$169,398
Buildings and improvements	7 to 40	549,793	500,193
Furniture, fixtures and equipment	3 to 15	516,323	444,948
Assets held under capital lease	Up to 30	14,363	14,363
Property and equipment		1,250,318	1,128,902
Less accumulated depreciation and amortization		(413,993)	(363,608)
		836,325	765,294
Construction in progress		30,574	52,653
		$866,899	$817,947

1. Compute the PPE turnover for 2016 (Total revenue in 2011 is $2,811,166 thousand). Does the level of its PPE turnover suggest that Cabelas is capital intensive? (Hint: The median PPE turnover for all publicly traded companies is approximately 1.3.)

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

3. Cabelas 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.

4. Assuming that Cabelas uses straight-line depreciation, estimate the useful life of its depreciable PPE assets.

5. By what percentage are Cabelas assets used up at year-end 2016? What implication does the assets-used-up ratio have for forecasting Cabelas cash flows?