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Suppose a firm has net income of $12,000 on sales of $60,000, fixed assets of $94,000, and total ...

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Suppose a firm has net income of $12,000 on sales of $60,000, fixed assets of $94,000, and total ...

Suppose a firm has net income of $12,000 on sales of $60,000, fixed assets of $94,000, and total assets of $120,000. The firm retains 60% of its earnings. If the firm is operating at 75% capacity, what are the full capacity sales?

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$70,000

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$73,000

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$78,000

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$80,000

Textbook

Financial Management: Theory and Practice

Edition: 4^th

Authors: Brigham, Ehrhardt, Gessaroli, Nason

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tacobeo Author

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Thanks for your help!!

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I appreciate what you did here, answered it right Smiling Face with Open Mouth

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Brilliant ツ

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