Finally, management would use the target fixed ass Required level of fixed assets = (Target fixed assets/Sales)(Projected sales) Quantitative Problem 2: Mitchell Manufacturing Company has $1,600,000,000 in sales and $370,000,000 in fixed assets. Currently, the company's fixed assets are operating at 75% of capacity. a. What level of sales could Mitchell have obtained if it had been operating at full capacity? Do not round intermediate calculations. Round your answer to the nearest dollar. s b. What is Mitchell's Target fixed assets/Sales ratio? Do not round intermediate calculations. Round your answer to two decimal places. % c. If Mitchell's sales increase by 45%, how large of an increase in fixed assets will the company need to meet its Target fixed assets/Sales ratio? Do not round intermediate calculations. Round your answer to the nearest dollar. s Grade it Now Save & Continue Continue without saving ENG 8:21 10/4/ 73F