Question
The Arkham Company has a ratio of long-term debt to long-term debt plus equityof .42 and a current ratio of 1.4. Current liabilities are $980,
The Arkham Company has a ratio of long-term debt to long-term debt plus equityof .42 and a current ratio of 1.4. Current liabilities are $980, sales are $6,400, profit margin is 9.5 percent, and ROE is 20.3 percent. What is the amount of the firm's net fixed assets?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Net fixed assets$
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
