Newtown Propane had sales of $1,550,000 last year on fixed assets of $395,000. Given that Newtown's fixed assets were being used at only 93% of capacity, then the firm's fixed asset turnover ratio was (Note: Round your answer to two decimal places.) How much sales could Newtown Propane have supported with its current level of fixed assets? $1,333,334 $1,416,667 $1,583,334 $1,666,667 When you consider that Newtown's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? 21.33% 24.89% 23.70% 26.07% ? Suppose Newtown is forecasting sales growth of 18% 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 4.430x 3.375x 5.063x 4.219 Flash Plaver MAC 32.0.0.387