5. Excess capacity adjustments Monk Consortium Corp. (Monk-Con) had sales of $1,720,000 last year on fixed assets of $395,000. Given that Monk-Con's fixed assets were being used at only 96% of capacity, then the firm's fixed asset turnover ratio was . (Note: Round your answer to two decimal places.) How much sales could Monk Consortium Corp. (Monk-Con) have supported with its current level of fixed assets? O $1,612,500 o $2,060,417 o $1,702,084 o $1,791,667 When you consider that Monk-Con's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? 23.15% 26.46% 22.05% o 24,26% 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