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ABC Limited has a net income of $40,000,000 and a profit margin of 10%. Total asset turnover is 25% and current ratio is 3, while
ABC Limited has a net income of $40,000,000 and a profit margin of 10%. Total asset turnover is 25% and current ratio is 3, while the amount of current liabilities is $72,000,000. Calculate the amount of fixed assets. Show your work.
ABC Limited has a net income of $40,000,000 and a profit margin of 10%. Total asset turnover is 25% and current ratio is 3 , while the amount of current liabilities is $72,000,000. Calculate the amount of fixed assets. Show your workStep by Step Solution
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