Problemthe le bleu company has a ratio of long-term debt to, Ask an Expert

Accounting

Problem:

The Le Bleu Company has a ratio of long-term debt to long-term debt plus equity of .42 and a current ratio of 1.40. Current liabilities are $980, sales are $6,400, profit margin is 9.5 percent, and ROE is 20.3 percent.

Requirement:

Question: What is the amount of the firm's net fixed assets?

Note: Show supporting computations in good form.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91166496

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