Required level of fixed assets = (Target fixed assets/ Sales)(Projected sales) Quantitative Problem 2: Mitchell Manufacturing Company has $1,600,000,000 in sales and $350,000,000 in fixed assets. Currently, the company's fixed assets are operating at 80% of capacity. a. What level of sales could Mitchell have obtained if it had been operating at full capacity? Round your answer to the nearest dollar. Do not round intermediate calculations. $ b. What is Mitchell's Target fixed assets/Sales ratio? Round your answer to two decimal places. Do not round intermediate calculations. % c. If Mitchell's sales increase by 40%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio? Round your answer to the nearest dollar. Do not round intermediate calculations