FINANCE 510 - Toy Corp. generated a profit of $250 million on $1,264 million
Question # 00525923
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Updated on: 05/11/2017 03:29 AM Due on: 05/11/2017
Toy Corp. generated a profit of $250 million on $1,264 million of sales last year. A review of the company's balance sheet showed $1,185 million of total assets, $475 million of spontaneous liabilities, and $925 million of net fixed assets. Assuming Toy was operating at 80% of its potential capacity, what level of sales (rounded) could the company have achieved if it had operated at full capacity?
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Rating:
/5
Solution: FINANCE 510 - Toy Corp. generated a profit of $250 million on $1,264 million