Question
Mitchell Manufacturing Company has $1,300,000,000 in sales and $330,000,000 in fixed assets. Currently, the company's fixed assets are operating at 80% of capacity. What level
Mitchell Manufacturing Company has $1,300,000,000 in sales and $330,000,000 in fixed assets. Currently, the company's fixed assets are operating at 80% of capacity.
What level of sales could Mitchell have obtained if it had been operating at full capacity? Do not round intermediate calculations. Round answer to the nearest dollar.
What is Mitchell's Target fixed assets/Sales ratio as percent? Do not round intermediate calculations. Round answer to two decimal places.
If Mitchell's sales increase 50%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio? Do not round intermediate calculations. Round answer to the nearest dollar.
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