Back to Assignment Attempts: Average: 1/4 3. Excess capacity adjustments Newtown Propane had sales of $1,720,000 last year on fixed assets of $345,000. Given that Newtown's fixed assets were being used at only 95.00% of capacity, then the firm's fixed asset turnover ratio (rounded to three decimal places) was Newtown was using its fixed assets at only 95.00% of capacity last year. How much sales could the firm have supported last year with its current level of fixed assets? $1,448,421 $1,629,473 O $1,720,000 $1,810,526 When you consider that Newtown's fixed assets were being underused, its target fixed assets to sales ratio should be When you consider that Newtown's fixed assets were being underutilized, Newtown must raise expected sales next year. in additional fixed assets to support its Grade It Now Save & Continue Continue without saving