Last year Jain Technologies had \$250 million of sales and $100 m

Last year Jain Technologies had \$250 million of sales and $100 m


Asked by 3 years ago
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4. Last year Jain Technologies had \$250 million of sales and $100 million of fixed assets, so its FA/Sales ratio was 40%. However, its fixed assets were used at only 75% 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?

a. 28.5%

b. 30.0%

c. 31.5%

d. 33.1%

e. 34.7%

Last year
JasonJones

1 Answer

Answered by 3 years ago
398.7k points

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 Last year Jain Technologies had \$250 million of sales and $100 m

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Excerpt from file: 4. Last year Jain Technologies had 250 million of sales and 100 million of fixed assets, so its FA/Sales ratio was 40%. However, its fixed assets were used at only 75% of capacity. Now the company is developing its financial forecast for the coming year. As part of that process, the company wants

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Asked: 3 years ago

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