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Last year, Canada Master Corp. had $24 million of sales and $17 million of fixed assets. However, its fixed assets were used at only 67%
Last year, Canada Master Corp. had $24 million of sales and $17 million of fixed assets. However, its fixed assets were used at only 67% of capacity. Now the company is developing its financial forecast for the coming year. As part of that process, the company wants to set its target Fixed Assets/Sales ratio at the level it would have had had it been operating at full capacity. What target Fixed Asset/Sales ratio should the company set? Express your answer as a decimal to the 4 decimal places (i.e. not 12.73 but .1273) Your Answer: Marconi Corporation has 13% coupon bonds (paid semi-anually) with a $1000 face value and 27 years until maturity. If the current yield to maturity is 9%, what is the bond's current price? Answer to the nearest cent (2 decimal places) Your
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