5. Excess capacity adjustments Aa Aa Newtown Propane had sales of $1,790,000 last year on fixed assets of $270,000. Given that Newtown's fixed assets were being used at only 96% 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 $2,237,500 o $1,771,354 O $1,957,812 O $1,864,583 When you consider that Newtown's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? 15.20% 11.58% 12.31% O 14.48% 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