Western Gas & Electric Co. (WG&E) had sales of $1,720,000 last year on fixed assets of $380,000. 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?

$1,629,473

$1,810,526

$2,172,631

$1,448,421

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

18.89%

16.79%

20.99%

25.19%

Suppose WG&E is forecasting sales growth of 18% 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___ ?