Attempts Lo] [| ] Keep the Highest 0 / 4 5. Excess capacity adjustments Water and Power Co. (W&P) had sales of $1,820,000 last year on fixed assets of $395,000. Given that W&P's fixed assets were being used at only 95% of capacity, then the firm's fixed asset turnover ratio was. [| x. (Note: Round your answer to two decimal places.) How much sales could Water and Power Co. (W&P) have supported with its current level of fixed assets? (Note: Round your answer to the nearest whole number.) () $2,298,947 () $1,915,789 $1,820,000 $2,011,578 When you consider that W&P's fixed assets were being underused, what should be the firm's target fixed assets to sales ratio? (Note: Round your answer to two decimal places.) 21.65% 19.59% 20.62% O 24.74% Suppose W&P 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 ~w .(Note: Round your answer to two decimal places.)