By how much must a firm reduce its assets in order to improve ROA from 10% to 12% if the firm's operating profit margin is 5% on sales of $4 million? A. $240,000 B. $333,333 C. $400,000 D. $516,167
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- Hi expart Provide solutionQuantitative Problem 2: Mitchell Manufacturing Company has $1,800,000,000 in sales and $320,000,000 in fixed assets. Currently, the company's fixed assets are operating at 70% of capacity. a. 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. 253333 b. What is Mitchell's Target fixed assets/Sales ratio? Do not round intermediate calculations. Round your answer to two decimal places. 12.63 % c. If Mitchell's sales increase by 55%, 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. 175978If sales are.....accounting question
- Use this information for Mason Corporation to answer the question that follow. Mason Corporation had $1,030,000 in invested assets, sales of $1,275,000, income from operations amounting to $227,000, and a desired minimum return of 12%. Round the percentage to one decimal place. The profit margin for Mason Corporation is Oa. 22.0% Оb. 17.8% Oc. 12.0% Od. 80.8%What is the Profit Margin for Stevenson Corporation, given the following info: Invested Assets = $550,000 Sales $660,000 = Income from Operations = $99,000 Desired minimum rate of return = 15.0% O 16.0% O 18.0% 15.0% 20.0%Aa 15.