Walter Industries has $4 billion in sales and $1.6 billion in fixed assets. Currently, the company's fixed assets are operating at 90% of capacity. What level of sales could Walter Industries have obtained if it had been operating at full capacity? Round your answer to the nearest cent.

Financial Management: Theory & Practice
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ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter7: Corporate Valuation And Stock Valuation
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Problem 1P: Ogier Incorporated currently has $800 million in sales, which are projected to grow by 10% in Year 1...
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Walter Industries has $4 billion in sales and $1.6 billion in
fixed assets. Currently, the company's fixed assets are
operating at 90% of capacity.
What level of sales could Walter Industries have obtained if it
had been operating at full capacity? Round your answer to
the nearest cent.
Transcribed Image Text:Walter Industries has $4 billion in sales and $1.6 billion in fixed assets. Currently, the company's fixed assets are operating at 90% of capacity. What level of sales could Walter Industries have obtained if it had been operating at full capacity? Round your answer to the nearest cent.
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