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Required level of fixed assets =( Target fixed assets/ Sales ) Projected sales Quantitative Problem 2: Mitchell Manufacturing Company has $2,000,000,000 in sales and $330,000,000

image text in transcribed Required level of fixed assets =( Target fixed assets/ Sales ) Projected sales Quantitative Problem 2: Mitchell Manufacturing Company has $2,000,000,000 in sales and $330,000,000 in fixed assets. Currently, the company's fixed assets are operating at 75% 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

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