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Toy Corp. generated a profit of $250 million on $1,264 million of sales last year. A review of the company's balance sheet showed $1,185 million
Toy Corp. generated a profit of $250 million on $1,264 million of sales last year. A review of the company's balance sheet showed $1,185 million of total assets, $475 million of spontaneous liabilities, and $925 million of net fixed assets. AssumingToy was operating at 80% of its potential capacity, what level of sales (rounded) could the company have achieved if it had operated at full capacity?
the answer is 1580 mil. Will you show the work for this?
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