Water and Power Co. (W\&P) had sales of $1,720,000 last year on fixed assets of $330,000. Given that W\&P's fixed assets were being used at only 94% of capacity, then the firm's fixed asset turnover ratio was How much sales could Water and Power Co. (W\&P) have supported with its current level of fixed assets? $1,555,319$1,829,787$2,012,766$2,195,744 When you consider that W\&P's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? 15.33%18.03%21.64%19.83% 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