Which of the following is true regarding the full-capacity sales level of a firm? a. A firm

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Which of the following is true regarding the full-capacity sales level of a firm?

a. A firm that is operating at less than full capacity will never need external financing.

b. For a firm that is operating at less than full capacity, fixed assets will typically increase at the same rate as sales.

c. A firm with excess capacity has room to expand without increasing its investment in fixed assets.

d. Only firms operating at full capacity can grow rapidly.

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Fundamentals Of Investments Valuation And Management

ISBN: 9781266824012

10th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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