Three Waters Co. had sales of $1,820,000 last year on fixed assets of $380,000. Given that Three Waters's fixed assets were being used at only 94% of capacity, then the firm's fixed asset tumover ratio was How much sales could Three Waters Co, have supported with its current level of fixed assets? $1,548,936 $1,936,170 $2,226,596 $2,129,787 When you consider that Three Waters's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? 15.70% 19.63% 21.59% 22.57% 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