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Author Question: Last year, Jain Technologies had $330 million of sales and $160 million of fixed assets, so its ... (Read 67 times)

booty5

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Last year, Jain Technologies had $330 million of sales and $160 million of fixed assets, so its FA/Sales ratio was 48.48%. However, its fixed assets were used at only 81% 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?

39.27%


41.50%


43.06%


44.85%



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Marked as best answer by booty5 on Aug 7, 2023

jbsuccess1

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booty5

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Reply 2 on: Aug 7, 2023
YES! Correct, THANKS for helping me on my review


Jossy

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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