Quantitative Problem 2: Mitchell Manufacturing Company has $1,100,000,000 in sales and $350,000,000 in fixed assets....
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Quantitative Problem 2: Mitchell Manufacturing Company has $1,100,000,000 in sales and $350,000,000 in fixed assets. Currently, the company's fixed assets are operating at 75% of capacity.
What level of sales could Mitchell have obtained if it had been operating at full capacity? Do not round intermediate calculations. Round your answer to the nearest dollar. $
What is Mitchell's Target fixed assets/Sales ratio? Do not round intermediate calculations. Round your answer to two decimal places. %
If Mitchell's sales increase by 45%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio? Do not round intermediate calculations. Round your answer to the nearest dollar. $
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