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Last year, Emery Industries had $600 million of sales and $350 million of fixed assets, so its ...

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Last year, Emery Industries had $600 million of sales and $350 million of fixed assets, so its ...

Last year, Emery Industries had $600 million of sales and $350 million of fixed assets, so its FA/Sales ratio was 58.33%. However, its fixed assets were used at only 40% of capacity. If the company had been able to sell off enough of its fixed assets at book value so that it was operating at full capacity, with sales held constant at $600 million, how much cash (in millions) would it have generated?

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$210.02

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$213.51

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$215.90

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$219.04

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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