Monk Consortium Corp. (Monk-Con) had sales of $1,820,000 last year on fixed assets of $380,000. Given that Monk-Cons fixed assets were being used at only 95% of capacity, then the firms 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.)

$1,915,789

$2,298,947

$1,532,631

$2,107,368

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.)

21.82%

15.87%

19.84%

23.81%

Suppose Monk-Con is forecasting sales growth of 22% 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.)

4.03x

5.04x

5.54x

6.05x