A选项

问题如下：

An analyst notes that a company’s capital expenditures do not follow a discernible pattern; the company seems to have periods of very low capital expenditures and periods of high capital expenditures. Management does not provide any guidance on capital expenditures. The analyst should develop a forecast of capital expenditures based on:

选项：

A.

the company’s usage of PP&E capacity

B.

the industry’s average capital expenditures

C.

the company’s average capital expenditures

解释：

A is correct. Based on the company’s spending pattern, it most likely makes capital expenditures based on capacity needs as it grows. If it is approaching full usage of existing capacity, it will expand