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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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