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Monk Consortram Corp. (Monk-Con) currently has $575,000 in total assets and sales of $1,820,000. Half of Monk-Con's total assets come from net foxed assets, and

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Monk Consortram Corp. (Monk-Con) currently has $575,000 in total assets and sales of $1,820,000. Half of Monk-Con's total assets come from net foxed assets, and the rest are aurrent assets. The firm expects sales to grow by 22% 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 foxed assets at only 93% of capaoty last year. How much sales could the firm have supported last year with its current level of fixed assets? $1,565,591 $2,348,387 $1,956,989 51,859,140 When you consider that Monk-Con's fixed assets were being underused, its target foxed assets to sales ratio should be % \%. When you consider that Monk-Conis fixed assets were being underused, how much foxed assets must Monk-Con raise to support its expected sales for next year? 346,438 335,698 $36,763 $30,956

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