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Johnson Construction Co . had $ 6 0 0 million of sales and $ 3 9 0 million of fixed assets last year. However, its
Johnson Construction Co had $ million of sales and $ million of fixed assets last year. However, its fixed assets were used at only of capacity. If the company had been able to sell off enough of its fixed assets at book value so that it was operating at full capacity, with sales held constant at $ million, the company would have generated $ in millions cash.
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