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Last year, Canada Master Corp. had $20 million of sales and $16 million of fixed assets, so its ...

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Last year, Canada Master Corp. had $20 million of sales and $16 million of fixed assets, so its ...

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

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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jaymaster

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