Excess capacity adjustments

of capacity, then the firm's fixed asset turnover ratio was

When you consider that Three Waters's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio?

$20\mathrm{.}05\%$

$21\mathrm{.}88\%$

$20\mathrm{.}96\%$

$18\mathrm{.}23\%$

Suppose Three Waters is forecasting sales growth of $20\%$ 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

$?$