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14. Firm PM has total assets of $600,000, long term debt of $250,000, total equity of $250,000, fixed assets of $450,000, and sales of $700,000.

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14. Firm PM has total assets of $600,000, long term debt of $250,000, total equity of $250,000, fixed assets of $450,000, and sales of $700,000. The profit margin is 5 percent. What is the current ratio? Do you think the firm's short-term solvency good or bad? What is the debt-equity ratio

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