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Williamson Industries has $4 billion in sales and $2.614 billion in fixed assets. Currently, the company's fixed assets are operating at 90% of capacity. If
Williamson Industries has $4 billion in sales and $2.614 billion in fixed assets. Currently, the company's fixed assets are operating at 90% of capacity.
If Williamson's sales increase 15%, how large of an increase in fixed assets will the company need to meet its target fixed assets/sales ratio? Write out your answer completely. For example, 25 billion should be entered as 25,000,000,000. Negative value should be indicated by a minus sign. Do not round intermediate calculations. Round your answer to the nearest cent.
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