Excel Online Structured Activity: Excess capacity Earleton Manufacturing Company has $2 billion in sales and $400.000.000 in fixed assets. Currently, the company's fixed assets are operating at 85% of capacity. The data has been collected in the Microsoft Excel Online file below. Open the spreadsheet and perform the required analysis to answer the questions below. x Open spreadsheet a. What level of sales could Earleton have obtained if it had been operating at full capacity? Write out your answer completely. Round your answer to the nearest b. What is Earleton's target fixed assets/sales ratio? Round your answer to two decimal places. c. IF Earleton's sales increase 35%, how large of an increase in fixed assets will the company need to meet its target fixed assets/sales ratio? Write out your answer completely. Do not round intermediate calculations. Round your answer to the nearest dollar 1 Excess capacity 3 4 Sales Fixed assets % Fixed assets capacity $2,000,000,000.00 $400,000,000.00 85.00% 6 7 8 Cacluation of Full Capacity Sales: Full capacity sales Formulas #N/A 10 Calculation of Target Fixed Assets-to-Sales Ratio: 11 Target fixed assets-to-sales ratio % Sales increase 13 14 15 16 17 Calculation of Fixed Assets Increase Needed: New sales level Increase in fixed assets NA