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Weatherford Industries Inc. has the following ratios: A0/S0 = 1.6, L0/S0 = 0.4; profit margin =0.10; and retention ratio = 55%. Sales last year were

Weatherford Industries Inc. has the following ratios: A0/S0 = 1.6, L0/S0 = 0.4; profit margin =0.10; and retention ratio = 55%. Sales last year were $100M. Assuming that these ratios remain constant:Suppose 40% of the companys present asset holdings is fixed asset while the remainder are all current assets which increase proportionately with sales. If the company is not yet operating at full capacity and an additional 15% of sales increase next year can be ably absorbed by the slack capacity, what is projected total asset amount next year? Express your answer in millions and use four decimal places in your computation and answer.

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