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8. Last year Jain Technologies had $320 million of sales and $100 million of fixed assets, so its FA/Sales ratio was 40%. fixed assets were
8. Last year Jain Technologies had $320 million of sales and $100 million of fixed assets, so its FA/Sales ratio was 40%. fixed assets were used at only 80% of capacity. developing its financial forecast for the coming year. that process, the company wants to set its target Fixed Assets/Sales ratio at the level it would have had had it been operating at full capacity. However, its Now the company is As part of What target FA/Sales ratio should the company set? a. 28.5% b. 30.08 c. 32.08 d. 37.18 e. 39.18
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