Question
The Arkham Company has a ratio of long-term debt to long-term debt plus equityof .41 and a current ratio of 1.3. Current liabilities are $970,
The Arkham Company has a ratio of long-term debt to long-term debt plus equityof .41 and a current ratio of 1.3. Current liabilities are $970, sales are $6,390, profit margin is 9.4 percent, and ROE is 20.2 percent. What is the amount of the firm's net fixed assets?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Net fixed assets$
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Corporate Finance Core Principles and Applications
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Bradford Jordan
5th edition
1259289907, 978-1259289903
