Q4 Choices:

Water and Power Co. (W\&P) had sales of $1,550,000 last year on fixed assets of $395,000. Given that W\&P's fixed assets were being used at only 92% of capacity, then the firm's fixed asset turnover ratio was x. (Note: Round your answer to two decimal places.) How much sales could Water and Power Co. (W\&P) have supported with its current level of fixed assets? (Note: Round your answer to the nearest whole number.) $1,432,066$1,516,305$2,021,740$1,684,783 When you consider that W\&P'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.) 28.14% 21.11% 19.93% 23.45% Suppose W\&P is forecasting sales growth of 22% for this year. If existing and new fixed assets are used at 100% capacity, the firm's expected fixedassets turnover ratio for this year is .(Note: Round your answer to two decimal places.) \begin{tabular}{|l|} \hline 4.27x \\ \hline 3.63x \\ \hline 3.84x \\ \hline 5.12x \end{tabular}