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How much in new fixed assets are required

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Hodgkiss Mig., Incorporated, is currently operating at only 76 percent of fixed asset capacity. Fixed assets are $415,090. Current sales are $500,000 and projected to grow to $703,947. How much in new fixed assets are required to support this growth in sales? Assume the company wants to operate at full capacity.

Reference no: EM133121647

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