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Author Question: Save-a-lot is a grocery store chain. Save-a-lot is forecasting its financial statements for Year 3. ... (Read 77 times)

lb_gilbert

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on: Apr 25, 2021
Save-a-lot is a grocery store chain. Save-a-lot is forecasting its financial statements for Year 3. Selected financial information for Years 2 and 3 is provided in the table. In Year 3 Save-a-lot is planning to invest $600 million in CAPEX and forecasted depreciation is $903 million. What is Net PP&E (Property, Plant and Equipment) at the end of Year 3?

Selected Financial Information
Save-a-lot Inc. 
Dec 31, Year 2 and Year 3 ($ millions)
​Year 2Year 3
PP&E$14,456​
Depreciation923903
CAPEX1,329600

◦ $14,153
◦ $14,250
◦ $14,382
◦ $14,456
◦ $14,577
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Marked as best answer by lb_gilbert on Apr 25, 2021

ghepp

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Reply #1 on: Apr 25, 2021
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lb_gilbert

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Reply 2 on: Apr 25, 2021
Excellent

triiciiaa

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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