Three Waters Co$.$ currently has $$490,000$ in total assets and sales of $$1,550,000.$ Half of Three Waters's total assets come from net fixed assets, and the rest are current assets. The firm expects sales to grow by $20\%$ in the next year. According to the AFN equation, the amount of additional assets required to support this level of sales is $

Three Waters was using its fixed assets at only $93\%$ of capacity last year. How much sales could the firm have supported last year with its current level of fixed assets?

$$1,583,334$

$$1,333,334$

$$1,666,667$

$$1,916,667$

When you consider that Three Waters's fixed assets were being underused, its target fixed assets to sales ratio should be $\%.$

When you consider that Three Waters's fixed assets were being underused, how much fixed assets must Three Waters raise to support its expected sales for next year?

$$32,683$

$$22,736$

$$26,999$

$$28,420$