The smathers company has a long-term debt ratio ie the, Ask an Expert

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The Smathers Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .47 and a current ratio of 1.36. Current liabilities are $2,440, sales are $10,600, profit margin is 12 percent, and ROE is 17 percent.

What is the amount of the firm’s net fixed assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Net fixed assets $

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92273106

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