Ratios and Fixed Assets The Le Bleu Company has a ratio of long-term debt to total assets
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Ratios and Fixed Assets The Le Bleu Company has a ratio of long-term debt to total assets of 0.70 and a current ratio of 1.20. Current liabilities are $850, sales are $4,310, profi t margin is 9.5 percent, and ROE is 21.5 percent. What is the amount of the fi rm’s net fi xed assets? LO.1
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