Water and Power Co. (W\&P) had sales of $1,720,000 last year on fixed assets of $380,000. Given that W\&P's fixed assets were being used at only 94% of capacity, then the firm's fixed asset turnover ratio was 4.526x. How much sales could Water and Power Co. (W\&P) have supported with its current level of fixed assets? $2,012,766$1,463,830$1,921,276$1,829,787 When you consider that W\&P's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? 22.85% 16.62% 21.81% 20.77% Suppose W\&P is forecasting sales growth of 18% 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 5.297