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ABC Limited presents the following information: Profit margin = 20% Net income = $2,500,000 Total asset turnover = 25% Current ratio = 2.5 Current liabilities
ABC Limited presents the following information:
Profit margin = 20%
Net income = $2,500,000
Total asset turnover = 25%
Current ratio = 2.5
Current liabilities = $4,500,000
Calculate the amount of fixed assets. Show your work.
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