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Quantitative Problem 2: Mitchell Manufacturing Company has $1,700,000,000 in sales and $310,000,000 in fixed assets. Currently, the company's fixed assets are operating at 70% of
Quantitative Problem 2: Mitchell Manufacturing Company has $1,700,000,000 in sales and $310,000,000 in fixed assets. Currently, the company's fixed assets are operating at 70% of capacity. a. What level of sales could Mitchell have obtained if it had been operating at full capacity? Round your answer to the nearest dollar. Do not round intermediate calculations. $ b. What is Mitchell's Target fixed assets/Sales ratio? Round your answer to two decimal places. Do not round intermediate calculations. % c. If Mitchell's sales increase by 60%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio? Round your answer to the nearest dollar. Do not round intermediate calculations
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