Monk Consortium Corp. (Monk-Con) had sales of $1,720,000 last year on fixed assets of $270,000. Given that Monk-Cons fixed assets were being used at only 94% of capacity, then the firms fixed asset turnover ratio was .

How much sales could Monk Consortium Corp. (Monk-Con) have supported with its current level of fixed assets?

$1,646,808

$1,829,787

$1,555,319

$1,738,298

When you consider that Monk-Cons fixed assets were being underused, what should be the firms target fixed assets to sales ratio?

14.02%

13.28%

14.76%

12.55%

Suppose Monk-Con is forecasting sales growth of 19% for this year. If existing and new fixed assets are used at 100% capacity, the firms expected fixed assets turnover ratio for this year is ?