5. Excess capacity adjustments Aa Aa Newtown Propane had sales of $1,790,000 last year on fixed assets of $345,000. Given that Newtown's fixed assets were being used at only 93% of capacity, then the firm's fixed asset turnover ratio was l How much sales could Newtown Propane have supported with its current level of fixed assets? O $1,732,258 O $2,213,441 o $1,636,021 o $1,924,731 when you consider that Newtown's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? 19.72% 20.62% 17.93% 21.52% Suppose Newtown is forecasting sales growth of 21% 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