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Monk Consortium Corp. (Monk-Con) currently has $490,000 in total assets and sales of $1,400,000. Half of Monk-Con's total assets come from net fixed assets, and
Monk Consortium Corp. (Monk-Con) currently has $490,000 in total assets and sales of $1,400,000. Half of Monk-Con's total assets come from net fixed assets, and the rest are current assets. The firm expects sales to grow by 19% in the next year. According to the AFN equation, the amount of additional assets required to support this level of sales is $ . (Note: Round your answer to the nearest whole number.) Monk-Con was using its fixed assets at only 92% of capacity last year. How much sales could the firm have supported last year with its current level of fixed assets? (Note: Round your answer to the nearest whole number.) $1,597,826 $1,673,913 $1,217,391 $1,521,739 When you consider that Monk-Con's fixed assets were being underused, its target fixed assets to sales ratio should be your answer to two decimal places.) When you consider that Monk-Con's fixed assets were being underused, how much fixed assets must Monk-Con raise to support its expected sales for next year? (Note: Round your answer to the nearest whole number.) $25,549 $18,581 $23,226 %. (Note: Round $24,387
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