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Monk Consortium Corp. (Monk-Con) currently has $490,000 in total assets and sales of $1,790,000. Haif of Monk-Con's total assets eome from net fixed assets, and

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Monk Consortium Corp. (Monk-Con) currently has $490,000 in total assets and sales of $1,790,000. Haif of Monk-Con's total assets eome from net fixed assets, and the rest are current assets. The firm expects sales to grow by 21% in the next year. According to the AFN equation, the amount of additional assets required to support this level of sales is $ Monk-Con was using its fxed assets at only 92% of capacity last year. How much sales could the firm have supported last year with its current level of fored assets? $2,042,935$1,848,369$1,945,652$1,556,522 When you consider that Monk-Con's foxed assets were being underused, its target foced assets to saies ratio should be When you consider that Monk.Con's fixed asfets were being underused, how much fixed assets must Monk-Con raike to support ies expected sales for neat year? $26,347 $27,734 $22,187 529,121

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