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Business, 07.10.2020 23:01 hella33revj

Newtown Propane currently has $490,000 in total assets and sales of $1,820,000. Half of Newtown’s total assets come from net fixed assets, and the rest are current assets. The firm expects sales to grow by 19% in the next year. According to the AFN equation, the amount of additional assets required to support this level of sales is $ . (Note: Round your answer to the nearest whole number.) Newtown was using its fixed assets at only 94% of capacity last year. How much sales could the firm have supported last year with its current level of fixed assets? (Note: Round your answer to the nearest whole number.) $1,839,362 $1,548,936 $1,936,170 $2,323,404

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Newtown Propane currently has $490,000 in total assets and sales of $1,820,000. Half of Newtown’s to...
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