What will the firms investment in fixed assets be

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Reference no: EM13863648

Assume that Helaron, Inc. has sales of $83 million and fixed assets of $22.4 million. The corporation utilizes the percent-of-sales method of financial forecasting. If Helaron is expected to generate sales of $94 million next year, what will the firm’s investment in fixed assets be?

A. $19.8 million

B. $28.8 million

C. $16.2 million

D. $25.4 million

E. None of the above

Reference no: EM13863648

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