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stuck on this problem The Plainfield Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of 46
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The Plainfield Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of 46 and a current ratio of 1.35. Current liabilities are $2,435, sales are $10,585, profit margin is 11 percent, and ROE is 16 percent. What is the amount of the firm's net fixed assets? (Do not round intermediate Step by Step Solution
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