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 95% 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? $1,876,316$1,305,263$1,631,579$1,713,158 When you consider that W\&P's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? 24.32% 16.92%22.21%21.15% Suppose W\&P is forecasting sales growth of 19% 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