Powell''s target fixed assets to sales ratio

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Reference no: EM131591169

Last year Powell Manufacturing utilized its fixed assets of $2,415,000 to 72 percent of their capacity in generating sales of $12,420,000. What is Powell's target fixed assets to sales ratio?

12.6%

14.0%

16.3%

19.4%

28.0%

Reference no: EM131591169

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