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help Hodgkiss Mfg., Incorporated, is currently operating at only 86 percent of fixed asset capacity. Fixed assets are $381,800. Current sales are $460,000 and projected
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Hodgkiss Mfg., Incorporated, is currently operating at only 86 percent of fixed asset capacity. Fixed assets are $381,800. Current sales are $460,000 and projected to grow to $641,860. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity. Multiple Choice nces $76,360 $80,178 $79,414 $150,944 $72,542 Step by Step Solution
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