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Business, 28.11.2019 04:31 coolfreekid3

Last year emery industries had $450 million of sales and $225 million of fixed assets, so its fixed assets/sales ratio was 50%. however, its fixed assets were used at only 65% of capacity. if the company had been able to sell off enough of its fixed assets at book value so that it was operating at full capacity, with sales held constant at $450 million, how much cash (in millions) would it have generated?
a. $63.00
b. $74.81
c. $78.75
d. $75.60
e. $66.94

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