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Inman industries has $2.5 million in sales and $0.8 million in fixed assets. Currently, the companys fixed assets are operating at 75% of capacity. 11.
Inman industries has $2.5 million in sales and $0.8 million in fixed assets. Currently, the companys fixed assets are operating at 75% of capacity.
11. If Inmans sales increase 50%, how large of an increase in fixed assets would the company need in order to meet its target fixed assets/sales ratio?
a. $33,250
b. $68,750
c. $100,000
d. $125,550
e. $150,000
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