4. Excess capacity adjustments Monk Consortium Corp. (Monk-Con) had sales of $1,820,000 last year on fixed assets of $345,000. Given that Monk-Con's fixed assets were being used at only 94% of capacity, then the firm's fixed asset turnover ratio was How much sales could Monk Consortium Corp. (Monk-Con) have supported with its current level of fixed assets? O $2,032,979 O $1,936,170 O $2,226,596 O $1,839,362 When you consider that Monk-Con's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? O 18.71% O 20.49% O 17.82% 16.04% Suppose Monk-Con is forecasting sales growth of 18% 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