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drdoombot drdoombot
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A year ago
Last year, Canada Corp. had $300 million of sales and $180 million of fixed assets, so its FA/Sales ratio was 60%. However, its fixed assets were used at only 70% of capacity. Now the company is developing its financial forecast for the coming year. As part of that process, the company wants to set its target Fixed Assets/Sales ratio at the level it would have had had it been operating at full capacity. What target FA/Sales ratio should the company set?


▸

37.50%



▸

41.96%



▸

46.25%



▸

50.00%

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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annalassannalass
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A year ago
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drdoombot Author
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A year ago
Thanks for your help!!
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This helped my grade so much Perfect
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this is exactly what I needed
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