Lulong company's 2012 sales increase by 20% over 2011 sales. Use the following information. 2011 sales =

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Lulong company's 2012 sales increase by 20% over 2011 sales. Use the following information. 2011 sales = $2 million 2011 Fixed assets = $400,000 the company's fixed assets were used to only 70% of capacity during 2011. What is the required level of fixed assets to be used in the forecasted 2012 balance sheet?
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Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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