Three Waters Co. had sales of $1,820,000 last year on fixed assets of $395,000. Given that Three Waters’s fixed assets w

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Three Waters Co. had sales of $1,820,000 last year on fixed
assets of $395,000. Given that Three Waters’s fixed assets were
being used at only 96% of capacity, then the firm’s fixed asset
turnover ratio was __________.
How much sales could Three Waters Co. have supported with its
current level of fixed assets?
$1,895,833
$1,516,666
$2,180,208
$2,275,000
When you consider that Three Waters’s fixed assets were being
underused, what should be the firm’s target fixed assets to sales
ratio?
23.97%
25.01%
20.84%
16.67%
Suppose Three Waters 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
________ ?