Walter Industries has a $7 billion in sales and $2.8 billion in fixed assets. At present, the company's fixed assets are operating at the 95% of capacity.
What level of sales could Walter Industries have obtained if it had been operating at the full capacity? Write down your answer completely. For example, 25 billion must be entered as 25,000,000,000. Round your answer to the nearest cent.
What is Walter's target fixed assets or Sales ratio? Round your answer to two decimal places.
If Walter's sales raise 9%, how large of an raise in fixed assets will the company need to meet its Target fixed assets or Sales ratio? Write down your answer completely. For example, 25 billion must be entered as 25,000,000,000. Round your answer to the nearest cent.