Assume that Helaron, Inc. has sales of $83 million and fixed assets of $22.4 million....
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Accounting
Assume that Helaron, Inc. has sales of $83 million and fixed assets of $22.4 million. The corporation utilizes the percent-of-sales method of financial forecasting. If Helaron is expected to generate sales of $94 million next year, what will the firms investment in fixed assets be?
A. $19.8 million
B. $28.8 million
C. $16.2 million
D. $25.4 million
E. None of the above
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