1) Monk Consortium Corp. (Monk-Con) had sales of $1,820,000 last year on fixed assets of $380,000. Given that Monk-Con's fixed assets were being used at only 96% of capacity, then the firm's fixed asset turnover ratio was____________. (Note: Round your answer to two decimal places.)

2) How much sales could Monk Consortium Corp. (Monk-Con) have supported with its current level of fixed assets? (Note: Round your answer to the nearest whole number.)

$1,801,041

$1,990,625

$1,895,833

$2,275,000

3) When you consider that Monk-Con's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? (Note: Round your answer to two decimal places.)

21.04%

19.04%

20.04%

24.05%

4) Suppose Monk-Con is forecasting sales growth of 22% for this year. If existing and new fixed assets are used at 100% capacity, the firm's expected fixed-assets turnover ratio for this year is ___________ .(Note: Round your answer to two decimal places.)