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Only need help with the last question. Newtown Propane had sales of $1,400,000 last year on fixed assets of $380,000. Given that Newtown's fixed assets
Only need help with the last question.
Newtown Propane had sales of $1,400,000 last year on fixed assets of $380,000. Given that Newtown's fixed assets were being used at only 95% of capacity, then the firm's fixed assets turnover ratio was Newtown was using its fixed assets at only 95% of capacity last year. What amount of sales could the firm have supported last year? $1,400,000$1,547,368$1,473,684$1,621,052 When you consider that Newtown's fixed assets were being underused last year, its target fixed assets to sales ratio should be % When you consider that Newtown's fixed assets were being underused last year, what amount of fixed assets must Newtown raise to support its expected sales for next year? $45,713 $43,427 $50,284 $47,999Step by Step Solution
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