5. Excess capacity adjustments Newtown Propane had sales of $1,550,000 last year on fixed assets of $330,000. Given that Newtown's fixed assets were being used at only 93% of capacity, then the firm's fixed asset turnover ratio was X. (Note: Round your answer to two decimal places.) How much sales could Newtown Propane have supported with its current level of fixed assets? (Note: Round your answer to the nearest whole number.) O $1,500,000 $1,666,667 $1,750,000 O $1,916,667 When you consider that Newtown's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? (Note: Round your answer to two decimal places.) 22.77% 0 20.79% 19.80% O 17.82% Suppose Newtown is forecasting sales growth of 22% 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 (Note: Round your answer to two decimal places.)