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entered as 2,000,000. Round your answer to the nearest dollar. $ Fullcapacitysales=PercentageofcapacityatwhichfixedassetswereoperatedActualsales Next, management would calculate the firm's target fixed assets ratio as follows: SalesTargetfixedassets=FullcapacitysalesActualfixedassets

image text in transcribed entered as 2,000,000. Round your answer to the nearest dollar. $ Fullcapacitysales=PercentageofcapacityatwhichfixedassetswereoperatedActualsales Next, management would calculate the firm's target fixed assets ratio as follows: SalesTargetfixedassets=FullcapacitysalesActualfixedassets Finally, management would use the target fixed assets ratio with the projected sales to calculate the firm's required level of fixed assets as follows: Required level of fixed assets = (Target fixed assets/Sales) (Projected sales) $ b. What is Mitchell's Target fixed assets/Sales ratio? Do not round intermediate calculations. Round your answer to two decimal places. % $

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