Hodgkiss Mig, Inc, is currently operating at only 92 percent of fixed asset capacity Current sales are $780,000. Fixed assets are $470,000 and sales are projected to grow to $880,000. How much in new...


Hodgkiss Mig, Inc, is currently operating at only 92 percent of fixed asset capacity<br>Current sales are $780,000. Fixed assets are $470,000 and sales are projected to grow<br>to $880,000. How much in new foxed assets are required to support this growth in sales?<br>Assume the company wants to operate at full capacity (Do not round intermediate<br>celculetions and round your answer to 2 decimal places,e.g.. 32.16)<br>O Answer is complete but not entirely correct.<br>New fxed assets<br>487 B72000<br>

Extracted text: Hodgkiss Mig, Inc, is currently operating at only 92 percent of fixed asset capacity Current sales are $780,000. Fixed assets are $470,000 and sales are projected to grow to $880,000. How much in new foxed assets are required to support this growth in sales? Assume the company wants to operate at full capacity (Do not round intermediate celculetions and round your answer to 2 decimal places,e.g.. 32.16) O Answer is complete but not entirely correct. New fxed assets 487 B72000

Jun 01, 2022
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