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Thorpe Mfg., Inc., is currently operating at only 83 percent of fixed asset capacity. Current sales are $660,000. Suppose fixed assets are $380,000 and sales
Thorpe Mfg., Inc., is currently operating at only 83 percent of fixed asset capacity. Current sales are $660,000. Suppose fixed assets are $380,000 and sales are projected to grow to $803,000. 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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