Western Gas & Electric Co. (WG & E) had sales of $ 1,550,000 last year on fixed assets of $345,000. Given that WG & Es fixed assets were being used at only 95% of capacity, then the firms fixed asset turnover ratio was _______.

How much sales could Western Gas & Electric Co. (WG & E) have supported with its current level of fixed assets?

$1,631,579

$1,468,421

$1,305,263

$1,550,000

When you consider that WG & Es fixed assets were being under-used, what should be the firms target fixed assets to sales ratio?

21.15%

25.38%

20.09%

19.04%

Suppose WG & E is forecasting sales growth of 20% 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 ________?