Question
15. Last year Godinho Corp. had $310 million of sales, and it had $75 million of fixed assets that were being operated at 80% of
15. Last year Godinho Corp. had $310 million of sales, and it had $75 million of fixed assets that were being operated at 80% of capacity. In millions, how large could sales have been if the company had operated at full capacity?
Group of answer choices
$403.0
$418.5
$344.9
$406.9
$387.5
16. Kamath-Meier Corporation's CFO uses this equation, which was developed by regressing inventories on sales over the past 5 years, to forecast inventory requirements: Inventories = $22.0 + 0.125(Sales). The company expects sales of $675.0 million during the current year, and it expects sales to grow by 34% next year. What is the inventory forecast for next year? All dollars are in millions.
Group of answer choices
$118.9
$117.5
$159.4
$135.1
$108.1
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