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Edney Manufacturing Company has exist3 billion in sales and exist0.6 billion in fixed assets. Currently, the companys fixed assets are operating at 80% of capacity.
Edney Manufacturing Company has exist3 billion in sales and exist0.6 billion in fixed assets. Currently, the companys fixed assets are operating at 80% of capacity. a. What level of sales could Edney have obtained if it had been operating at full capacity? Enter your answer in millions. For example, an answer of exist5 billion should be entered as 5,000. exist million b. What is Edneys Target fixed assets/Sales ratio? % c. If Edney's sales increase 40%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio? Write out your answer completely. For example, 13 million should be entered as 13,000,000. Round your answer to the nearest cent. exist
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