Monk Consortium Corp. (Monk-Con) had sales of $1,790,000 last year on fixed assets of $270,000. Given that Monk-Cons fixed assets were being used at only 96% of capacity, then the firms fixed asset turnover ratio wasx. (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? (Note: Round your answer to the nearest whole number.)

$1,864,583

$1,771,354

$1,678,125

$2,051,041

When you consider that Monk-Cons fixed assets were being underused, what should be the firms target fixed assets to sales ratio? (Note: Round your answer to two decimal places.)

14.48%

13.76%

13.03%

15.93%

Suppose Monk-Con is forecasting sales growth of 20% 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 .(Note: Round your answer to two decimal places.)