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Allen Mfg., Inc., is currently operating at only 89 percent of fixed asset capacity. Current sales are $700,000. Fixed assets are $430,000 and sales are
Allen Mfg., Inc., is currently operating at only 89 percent of fixed asset capacity. Current sales are $700,000. Fixed assets are $430,000 and sales are projected to grow to $840,000. How much in new fixed assets is required to support this growth in sales? Assume the company will operate at full capacity next year. (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) New fixed assets
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