4. Excess capacity adjustments Newtown Propane had sales of $1,550,000 last year on fixed assets of $395,000. Given that Newtown's fixed assets were being used at only 92% of capacity, then the firm's fixed asset turnover ratio was How much sales could Newtown Propane have supported with its current level of fixed assets? O $1,853,261 O $1,937,500 O $1,684,783 O $1,600,544 When you consider that Newtown's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? O 25.80% 0 23.45% O 26.97% 22.28% Suppose Newtown is forecasting sales growth of 19% 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