Three Waters Co. had sales of $1,790,000 last year on fixed assets of $270,000. Given that Three Waters's fixed assets were being used at only 95% of capacity, then the firm's fixed assets turnover ratio was What amount of sales could Three Waters have supported with its current level of fixed assets? $1,978,422$1,884,211$2,261,053$1,601,579 When you consider that Three Waters's fixed assets were being underused last year, what should be the firm's target fixed assets to sales ratio? 15.05% 14.33% 17.20% 12.18% Suppose Three Waters 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