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Monk Consortium Corp. (Monk-Con) currently has $490,000 in total assets and sales of $1,790,000. Half of Monk-Con's total assets come 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. 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 additionai assets required to support this level of sales is $ Monk-Con was using its fixed assets at only 96% of capacity last year. How much sales could the firm have supported last year with its current level of foxed assets? $1,957,812$1,864,583$1,678,125$1,771,354 When you consider that Monk-Con's fixed assets were being underused, its target fixed assets to sales ratio should be When you consider that Monk-Con's fixed assets were being underused, how much fixed assets must Monk-Con ralse to support its expected sales for next year? $34,888$36,632$33,144$31,399

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