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Monk Consortium Corp. (Monk-Con) had sales of $1,820,000 last year on fixed assets of $270,000. Given that Monk-Con's fixed assets were being used at only

image text in transcribed Monk Consortium Corp. (Monk-Con) had sales of $1,820,000 last year on fixed assets of $270,000. Given that Monk-Con's fixed assets were being used at only 95% of capacity, then the firm's fixed asset turnover ratio was x. (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.) $1,820,000$2,298,947$1,915,789$1,724,210 When you consider that Monk-Con'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.) 16.91% 14.09% 13.39% 12.68% Suppose Monk-Con 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 .(Note: Round your answer to two decimal places.)

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