Air Taxi, Inc. has a long-term debt ratio of .48 and a current ratio of 1.27. Current liabilities are $3,526, sales are $10,792, profit margin is 8 percent, and ROE is 11.7 percent. What is the total of the firm's net fixed assets?

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Spreadsheet template (xlsx)

	Input area:
	Long-term debt ratio	0.48
	Current ratio	1.27
	Current liabilities	$ 3,526
	Sales	$ 10,792
	Profit margin	8.0%
	Return on equity	11.7%
	Output area:
	Current assets	$ 4,478.02
	Net income	$ 863.36
	Total equity	$ 7,376.07
	Long-term debt	$ 20,965.52
	Total debt	$ 24,491.52
	Total assets	$ 20,965.00
	Net fixed assets	$ 16,487.00
	Are the bold answers correct?