Water and Power Co. (W&P) had sales of $1,820,000 last year on fixed assets of $395,000. Given that W&Ps fixed assets were being used at only 96% of capacity, then the firms fixed asset turnover ratio was ________?

How much sales could Water and Power Co. (W&P) have supported with its current level of fixed assets? $1,895,833 $1,516,666 $1,990,625 $2,180,208

When you consider that W&Ps fixed assets were being underused, what should be the firms target fixed assets to sales ratio? 20.84% 21.88% 16.67% 23.97%

Suppose W&P is forecasting sales growth of 21% for this year. If existing and new fixed assets are used at 100% capacity, the firms expected fixed assets turnover ratio for this year is ____?