Last year Jain Technologies had $250 million of sales and $100 million of fixed assets, so its Fixed Assets/Sales ratio was 40%. However, its fixed assets were used at only 40% of capacity. Now the company is developing its financial forecast for the coming year. As part of that process, the company wants to set its target Fixed Assets/Sales ratio at the level, it would have had, had it been operating at full capacity. What target Fixed Assets/Sales ratio should the company set

16%

Explanation:

The computation of the target fixed assets sales ratio is shown below:

As we know that

Target Fixed asset - Sales ratio is

= Fixed Assets ÷ Full Capacity Sales

where,

Fixed assets is $100 million

And the full capacity sales is

= $250 million × 40%

Now putting these values to the above formula

So, the target fixed asset sales ratio is

= $100 million ÷  $250 million × 40%

= 16%

answer: b 56, 250

explanation:

you will have $2593.74 in 10 years if you set aside $1,000 at 10%

you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%