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Last year Lockheed Martin Corporation reported gross property, plant, and equipment of $14,371 million. It also reported total sales of $40,002 million and total capital
Last year Lockheed Martin Corporation reported gross property, plant, and equipment of $14,371 million. It also reported total sales of $40,002 million and total capital expenditures of $827 million. If new capital expenditures are assumed to be directly linked to the level of sales, and sales are expected to grow by 7% this year, how much will the company have in total gross property, plant, and equipment (in $ millions) at the end of the year? Assume that no assets are expected to be sold during the year.
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