Multiple Choice
Assume Stansfield Corporation is operating at full capacity. What will total assets be if sales increase by 10%? Assume costs, current liabilities, and current assets vary directly with sales and that the dividend payout ratio remains unchanged.
A) $225.0 million
B) $231.6 million
C) $246.7 million
D) $330.5 million
E) $440.0 million
Correct Answer:
Verified
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