Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Osato Chemicals inc had sales of $1,550,000 last year on fixed assets of $395,000. Glven that Osato's fixed assets were being used at only 94%

image text in transcribed
Osato Chemicals inc had sales of $1,550,000 last year on fixed assets of $395,000. Glven that Osato's fixed assets were being used at only 94% of capacity, then the firm's fixed asset turnover ratio was x. (Note: Round your answer to two decimal places.) How much sales could Osato Chemicals inc. have supported with its current level of fixed assets? (Note: Round your answer to the nearest whole numberi) $1,896,276$1,648,936$1,484,042$1,976,723 When you consider that Osato's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? (Note: flound your. answer to two decirnal places.) 28.74% 21.56% 27.544 23.9546 Suppose Deato is forecasting sales growth of 21% for this year, If existing and new fixed assets are used at 100% capacity, the firm 3 expected fixedassets turnover ratio for this year is (Note: Round your answer to fwo decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Dynamics Of International Finance

Authors: Ruchi Mehrotra Joshi

1st Edition

1685078389, 978-1685078386

More Books

Students also viewed these Finance questions

Question

Describe effectiveness of reading at night?

Answered: 1 week ago

Question

find all matrices A (a) A = 13 (b) A + A = 213

Answered: 1 week ago

Question

a. How do you think these stereotypes developed?

Answered: 1 week ago

Question

7. Describe phases of multicultural identity development.

Answered: 1 week ago