Western Gas & Electric Co. (WG&E) had sales of $1,720,000 last year on fixed assets of $395,000. Given that WG&E's fixed assets were being used at only 94% of capacity, then the firm's fixed asset turnover ratio was__________.

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

$1,921,276

$1,829,787

$1,463,830

$2,104,255

When you consider that WG&E's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio?

22.67%

21.59%

17.27%

24.83%

Suppose WG&E is forecasting sales growth of 21% 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___________?