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options are- a. $0 b. $427 c. $230 d. $460 e. $207 Consultants, Inc. 2015 Income Statement Net sales Cost of goods sold Depreciation Earnings
options are- a. $0 b. $427 c. $230 d. $460 e. $207
Consultants, Inc. 2015 Income Statement Net sales Cost of goods sold Depreciation Earnings before interest and taxes Interest paid Taxable income Taxes Net Income $3,800 2,075 750 975 140 $835 281 $554 Dividends Addition to retained earnings $138.50 $415.50 Cash Accounts Rec. Inventory Total Net fixed assets Total assets Consultants, Inc. 2015 Balance Sheet $80 Accounts Payable 750 Long-term debt 420 Common stock $1,250 Retained earnings 4,600 $5,850 Total Liabilities & equity $1,000 1.150 2,250 1,450 $5,850 Consultants, Inc. is currently operating at 95% of capacity. What is the required increase in fixed assets if sales are projected to increase by 10%? Multiple Choice $0Step by Step Solution
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