Question
Monk Consortium Corp. (Monk-Con) had sales of $1,820,000 last year on fixed assets of $380,000. Given that Monk-Cons fixed assets were being used at only
Monk Consortium Corp. (Monk-Con) had sales of $1,820,000 last year on fixed assets of $380,000. Given that Monk-Cons fixed assets were being used at only 95% of capacity, then the firms fixed asset turnover ratio was
x. (Note: Round your answer to two decimal places.)
How much sales could Monk Consortium Corp. (Monk-Con) have supported with its current level of fixed assets? (Note: Round your answer to the nearest whole number.)
$1,915,789
$2,298,947
$1,532,631
$2,107,368
When you consider that Monk-Cons fixed assets were being underused, what should be the firms target fixed assets to sales ratio? (Note: Round your answer to two decimal places.)
21.82%
15.87%
19.84%
23.81%
Suppose Monk-Con is forecasting sales growth of 22% for this year. If existing and new fixed assets are used at 100% capacity, the firms expected fixed-assets turnover ratio for this year is .(Note: Round your answer to two decimal places.)
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