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The Lawrence Company has a ratio of long-term debt to long-term debt plus equity of .41 and a current ratio of 1.3. Current liabilities are
The Lawrence Company has a ratio of long-term debt to long-term debt plus equity of .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 firms net fixed assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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