Water and Power Co. (W&P) had sales of $1,790,000 last year on fixed assets of $270,000. Given that W&P's fixed assets were being used at only 95% of capacity, then the firm's fixed asset turnover ratio was _______________x. (Note: Round your answer to two decimal places.)

How much sales could Water and Power Co. (W&P) have supported with its current level of fixed assets? (Note: Round your answer to the nearest whole number.)

$1,695,790

$1,884,211

$1,978,422

$2,166,843

When you consider that W&P's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? (Note: Round your answer to two decimal places.)

16.48%

14.33%

15.05%

12.90%

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 ______________.(Note: Round your answer to two decimal places.)