Newtown Propane had sales of $1,820,000 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 How much sales could Newtown Propane have supported with its current level of fixed assets? $1,859,140$1,761,290$1,565,591$1,956,989 When you consider that Newtown's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? 18.16%16.14%19.17%20.18% Suppose Newtown is forecasting sales growth of 22% 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