Last year Handorf-Zhu Inc. had $850 million of sales, and it had $425 million of fixed assets

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Last year Handorf-Zhu Inc. had $850 million of sales, and it had $425 million of fixed assets that were used at only 85% of capacity. What is the maximum sales growth rate the company could achieve before it had to increase its fixed assets?

a. 16.94%

b. 17.47%

c. 19.06%

d. 18.88%

e. 17.65%

Related Book For answer-question

International financial management

ISBN: 978-0324593471

9th Edition

Authors: Jeff Madura

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Posted Date: Jan 08, 2021 05:50 AM

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Last year Handorf-Zhu Inc. had $850 million of sales, and it had $425 million of fixed assets

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International financial management

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