3. Excess capacity adjustments Monk Consortium Corp. (Monk-Con) had sales of $1,400,000 last year on fixed assets of $395,000. Given that Monk-Con's fixed assets were being used at only 94.00% of capacity, then the firm's fixed asset turnover ratio (rounded to three decimal places) was 2.835 x Monk-Con was using its fixed assets at only 94.00% of capacity last year. How much sales could the firm have supported last year with its current level of fixed assets? $1,191,490 O $1,340,426 O $1,489,362 0 $1,712,766 When you consider that Monk-Con's fixed assets were being underused, its target fixed assets to sales ratio should be in additional fixed assets to support its When you consider that Monk-Con's fixed assets were being underutilized, Monk-Con must raise expected sales next year. 3. Excess capacity adjustments Monk Consortium Corp. (Monk-Con) had sales of $1,400,000 last year on fixed assets of $395,000. Given that Monk-Con's fixed assets were being used at only 94.00% of capacity, then the firm's fixed asset turnover ratio (rounded to three decimal places) was 2.835 x Monk-Con was using its fixed assets at only 94.00% of capacity last year. How much sales could the firm have supported last year with its current level of fixed assets? $1,191,490 O $1,340,426 O $1,489,362 0 $1,712,766 When you consider that Monk-Con's fixed assets were being underused, its target fixed assets to sales ratio should be in additional fixed assets to support its When you consider that Monk-Con's fixed assets were being underutilized, Monk-Con must raise expected sales next year