A Canadian Firm Has Net Income of $10 on Sales

question 37

Multiple Choice

A Canadian firm has net income of $10 on sales of $50,fixed assets of $75,and total assets of $125.The firm retains 50% of its earnings.If the firm is operating at 90% capacity,what are the full capacity sales?

• A)$40
• B)$56
• C)$50
• D)$72

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Definitions:

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A state of peace, calm, and serenity, often sought after in both physical and psychological contexts.

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The state of feeling a lack of energy or fatigue, often resulting from physical or mental exertion.

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