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Question
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
Answer
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