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6.A firms existing asset base can support total sales of up to $2,500,000.Current sales are at $2,300,000.What is the firms current utilization rate of its

6.A firms existing asset base can support total sales of up to $2,500,000.Current sales are at $2,300,000.What is the firms current utilization rate of its assets?

76%

80%

84%

88%

92%

7.A company generated total sales of $845,000, and incurred total expenses of $792,000 in the current year.If beginning retained earnings was $132,000 and ending retained earnings is $185,000, what was the amount of dividends paid during the year?

$15,000

$20,000

$25,000

$0

Please show some work and provide explanations. Thanks.

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