Miller Bros

question 32

Multiple Choice

Miller Bros.Hardware is operating at full capacity with a sales level of $689,700 and fixed assets of $468,000.The profit margin is 7 percent.What is the required addition to fixed assets if sales are to increase by 10 percent?

• A)$3,276
• B)$4,680
• C)$28,400
• D)$32,760
• E)$46,800