Hungry Howie's is currently operating at 96 percent of capacity. The profit margin and the dividend payout ratio are projected to remain constant

Hungry Howie's is currently operating at 80 percent of capacity. What is the full-capacity level of sales?    A.  $21,106.00 B.  $21,580.62 C.  $21,625.00 D.  $24,506.17 E.  $25,301.91 Full-capacity sales = $17,300/0.80 = $21,625.00

76.	Hungry Howie's is currently operating at 84 percent of capacity. What is the total asset turnover ratio at full capacity?    A.  .68 B.  .78 C.  .95 D.  1.29 E.  1.42 Full-capacity sales = $17,300/0.84 = $20,595.24 Total asset turnover at full-capacity = $20,595.24/$14,550 = 1.42

77.

Hungry Howie's is currently operating at 96 percent of capacity. The profit margin and the dividend payout ratio are projected to remain constant. Sales are projected to increase by 5 percent next year. What is the projected addition to retained earnings for next year?    A.  $1,309.19 B.  $11,753.50 C.  $1,884.90 D.  $2,667.78 E.  $3,001.40 Projected addition to retained earnings = $1,670 × (1 + .05) = $1,753.50