Question
The Burk Company has a ratio of long-term debt to long-term debt plus equity of .25 and a current ratio of 1.5. Current liabilities are
The Burk Company has a ratio of long-term debt to long-term debt plus equity of .25 and a current ratio of 1.5. Current liabilities are $900, sales are $6,230, profit margin is 8.1 percent, and ROE is 18.6 percent. What is the amount of the firms net fixed assets? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)
| Net fixed assets | $ |
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Handbook Of Income Distribution Volume 2B
Authors: Anthony B. Atkinson, Francois Bourguignon
1st Edition
0444594299, 978-0444594297
