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Problem 19-18 Fixed Assets and Capacity Usage (LO4, CFA9) Thorpe Mig. Inc, is currently operating at only 93 percent of fixed asset capacity. Current sales
Problem 19-18 Fixed Assets and Capacity Usage (LO4, CFA9) Thorpe Mig. Inc, is currently operating at only 93 percent of fixed asset capacity. Current sales are $730,000. Suppose fixed assets are $600,000 and sales are projected to grow to $793,000. How much in new fixed assets is required to support this growth in sales? (A negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to 2 decimal places.)
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