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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
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 |
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| Are the bold answers correct? | |||||
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