Lazzy Manufacturing Company has P2.5 billion in sales and P0.80 billion in fixed . Currently, the company’s fixed assets are operating at 80% of If Lazzy’s sales increased by 35 percent, how large is the increase in fixed assets will the company need to meet its target fixed asset to sales ratio?

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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  1. Lazzy Manufacturing Company has P2.5 billion in sales and P0.80 billion in fixed . Currently, the company’s fixed assets are operating at 80% of If Lazzy’s sales increased by 35 percent, how large is the increase in fixed assets will the company need to meet its target fixed asset to sales ratio?
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