Water and Power Co. (W&P) had sales of $1, 550,000 last year on fixed assets of $345,000. Given that W&P's fixed assets were being used at only 93% of capacity, then the firm's fixed asset turnover ratio was _____. How much sales could Water and Power Co. (W&P) have supported with its current level of fixed assets? $1, 416, 667 $1, 916, 667 $1, 583, 334 $1, 666, 667 When you consider that W&P's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? 23.81% 17.60% 24.84% 20.70% Suppose W&P is forecasting sales growth of 20% 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