3. Excess capacity adjustments Water and Power Co. (W&P) currently has $645,000 in total assets and sales of $1,550,000. Half of W&P's total assets come from net fixed assets, and the rest are current assets. The firm expects sales to grow by 21% in the next year. According to the AFN equation, the amount of additional assets required to support this level of sales is W&P was using its fixed assets at only 92% of capacity last year. How much sales could the firm have supported last year with its current level of fixed assets? $1,769,022 O $1,600,544 O $1,853,261 $1,684,783 When you consider that W&P's fixed assets were being underused, its target fixed assets to sales ratio should be When you consider that W&P's fixed assets were being underused, how much fixed assets must W&P raise to support its expected sales for next year? $40,158 O $36,507 O $38,332 $34,682 3. Excess capacity adjustments Water and Power Co. (W&P) currently has $645,000 in total assets and sales of $1,550,000. Half of W&P's total assets come from net fixed assets, and the rest are current assets. The firm expects sales to grow by 21% in the next year. According to the AFN equation, the amount of additional assets required to support this level of sales is W&P was using its fixed assets at only 92% of capacity last year. How much sales could the firm have supported last year with its current level of fixed assets? $1,769,022 O $1,600,544 O $1,853,261 $1,684,783 When you consider that W&P's fixed assets were being underused, its target fixed assets to sales ratio should be When you consider that W&P's fixed assets were being underused, how much fixed assets must W&P raise to support its expected sales for next year? $40,158 O $36,507 O $38,332 $34,682