he Smathers Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .55 and a current ratio of 1.44. Current liabilities are $2,480, sales are $10,720, profit margin is 12 percent, and ROE is 17 percent. What is the amount of the firms current assets?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current assets $ What is the amount of the firms net income?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net income $ What is the amount of the firms total equity?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total equity $ What is the amount of the firms long-term debt?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Long-term debt $ What is the amount of the firms total debt?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total debt $ What is the amount of the firms total assets?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total assets $ What is the amount of the firms net fixed assets?(Do not round intermediate calculations and your answer to 2 decimal places, e.g., 32.16.) Net fixed assets $

References eBook & Resources WorksheetLearning Objective: 03-02 Compute and, more important, interpret some common ratios.