Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Williamson Industries has 5 b on in sales and $1.017 billion in fixed assets. Currently, the company's fixed assets are operating at 90% of capacity

image text in transcribed
Williamson Industries has 5 b on in sales and $1.017 billion in fixed assets. Currently, the company's fixed assets are operating at 90% of capacity a. What level of sales could Williamson Industries have obtained fit had been operating at full capacity? Write out your answer completely. For example, 25 billion should be entered as 25,000,000,000. Round your answer to the nearest cent. b. What is Williamson's target forced assets/sales ratio? Do not round intermediate calculations. Round your answer to two decimal places. c. If Williamson's sales increase 14%, 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook On Second Lien Loans & Intercreditor Agreements

Authors: Mark N. Berman, Jo Ann J. Brighton

1st Edition

0981865593, 978-0981865591

More Books

Students also viewed these Finance questions

Question

Define a loss contingency. Provide three examples.

Answered: 1 week ago

Question

3. discuss the effects of exercise on psychological well-being;

Answered: 1 week ago