Author Question: Last year, Canada Corp. had $300 million of sales and $180 million of fixed assets, so its FA/Sales ... (Read 35 times)

yulisa3298 · **on:** Aug 7, 2023

Last year, Canada Corp. had $300 million of sales and $180 million of fixed assets, so its FA/Sales ratio was 60%. However, its fixed assets were used at only 70% 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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37.50%

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41.96%

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46.25%

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50.00%

delmiss · **Reply #1 on:** Aug 7, 2023

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