Powells target fixed assets to sales
Last year Powell Manufacturing utilized its fixed assets of $2,415,000 to 72 percent of their capacity in generating sales of $12,420,000. What is Powell's target fixed assets to sales ratio?
12.6%
14.0%
16.3%
19.4%
28.0%
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last year powell manufacturing utilized its fixed assets of 2415000 to 72 percent of their capacity in generating sales
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