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primewire primewire
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10 months ago
Last year, Canada Master Corp. had $20 million of sales and $16 million of fixed assets, so its FA/Sales ratio was 80%. However, its fixed assets were used at only 75% 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?


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55%



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60%



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64%



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70%

Textbook 
Financial Management: Theory and Practice

Financial Management: Theory and Practice


Edition: 4th
Authors:
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jaymasterjaymaster
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10 months ago
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primewire Author
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10 months ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
zbmallo3
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Yesterday
Thank you, thank you, thank you!
MLynneMcMillan
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2 hours ago
Brilliant ツ
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