Sаntа CоrpоrаtiоnSanta Corporation manufactures Christmas decorations and supplies throughout the world. The company owns property, plants, and equipment and also enters into leases for certain facilities. Assume that Santa's incremental borrowing rate is 8%. The company's tax rate is 40%. Listed below are selected financial data for Santa. Year 2 Year 1 Year 0 Property, Plant, & Equipment (net) $2,882,468 $2,717,453 $2,658,214 Total Assets 3,756,854 3,405,484 3,254,896 Common Shareholders' Equity 867,992 652,626 587,951 Sales $2,922,915 $2,415,632 Cost of Goods Sold 2,016,811 1,642,630 Depreciation Expense 78,584 67,542 Interest Expense 106,663 90,343 Net Income 248,448 217,407 Using the information provided by Santa Corporation, calculate the company's Year 2 fixed asset ratio.
Spаrky'sSpаrky's sells аutо parts. Prоvided belоw is selected financial information from the company's Year 2 annual report: Sparky's Selected Financial Statement data Fiscal year end Year 2 Year 1 (amounts in thousands of dollars) Net sales $125,410 $106,380 Cost of Goods Sold -104,090 -89,359 Gross Profit $21,320 $17,021 Inventory $31,353 $30,850 Sparky's forecasts that sales will grow by 25% in Year 3 and that its cost of goods sold to sales ratio will be the same as it was in Year 2. If these assumptions prove correct and Sparky's inventory turnover ratio for Year 3 is 4.5 what will be the level of inventory at the end of Year 3?