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The Lawrence Company has a ratio of long - term debt to long - term debt plus equity of . 2 5 and a current

The Lawrence 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? The asset turnover value is 1.72(Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.) I submitted this question before and the answer $1350 is incorrect. pls review this problen again. FIN600

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