Required level of fixed assets $=($Target fixed assets$/$Sales$)($Projected sales$)$

Quantitative Problem $2$: Mitchell Manufacturing Company has $$1,500,000,000$ in sales and $$230,000,000$ in fi$$ed 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? Do not round intermediate calculations. Round your answer to the nearest dollar.

$

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

$\%$

c$.$ If Mitchell's sales increase by $50\%,$ 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.

$

Check My Work $(3$ remaining$)$