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Gladstone Pavers has a long term debt ratio of 0.6 and a current ratio of 1.6. currebt liabilities are $700, sales ate $4400 the profit
Gladstone Pavers has a long term debt ratio of 0.6 and a current ratio of 1.6. currebt liabilities are $700, sales ate $4400 the profit margin is 9.5% and the return on equity is 19.5%. how much does the firm have in net fixed assests ?
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4. Gladstone Pavers has a long-term debt ratio of 0.6 and a current ratio of 1.6. Current liabilities are $700, sales are $4,440, the profit margin is 9.5 percent, and the return on equity is 19.5 percent. How much does the firm have in net fixed assets? A. $4,880.18 B. $4,987.69 C. $5,666.67 D. $5,848.15 E. $6,107.70 Step by Step Solution
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