Question
The Lawrence Company has a ratio of long-term debt to long-term debt plus equity of .42 and a current ratio of 1.4. Current liabilities are
The Lawrence Company has a ratio of long-term debt to long-term debt plus equity of .42 and a current ratio of 1.4. Current liabilities are $980, sales are $6400, profit margin is 9.5 percent, and ROE is 20.3 percent. What is the amount of the firm's net fixed assets?
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The Analysis And Use Of Financial Statements
Authors: Gerald I. White, Ashwinpaul C. Sondhi, Haim D. Fried
3rd Edition
0471375942, 978-0471375944
