For the company in Problem 17, suppose fixed assets are $420,000 and sales are projected to grow
Question:
For the company in Problem 17, suppose fixed assets are $420,000 and sales are projected to grow to $695,000. How much in new fixed assets is required to support this growth in sales?
Data From Problem 17
Thorpe Mfg., Inc., is currently operating at only 75 percent of fixed asset capacity. Current sales are $480,000. How fast can sales grow before any new fixed assets are needed?
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Related Book For 
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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