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Quantitative Problem 2: Mitchell Manufacturing Company has $1,800,000,000 in sales and $260,000,000 in fixed assets. Currently, the company's fixed assets are operating at 70% of

Quantitative Problem 2: Mitchell Manufacturing Company has $1,800,000,000 in sales and $260,000,000 in fixed assets. Currently, the company's fixed assets are operating at 70% of capacity.

  1. What level of sales could Mitchell have obtained if it had been operating at full capacity? Do not round intermediate calculations. Round your answer to the nearest dollar.

    $________?

  2. What is Mitchell's Target fixed assets/Sales ratio? Do not round intermediate calculations. Round your answer to two decimal places.

    ________%

  3. If Mitchell's sales increase 55%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio? Do not round intermediate calculations. Round your answer to the nearest dollar.

    $ _________?

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