Question
The Maurer Company has a long-term debt ratio of .20 and a current ratio of 1.60. Current liabilities are $960, sales are $5,180, profit margin
The Maurer Company has a long-term debt ratio of .20 and a current ratio of 1.60. Current liabilities are $960, sales are $5,180, profit margin is 9.90 percent, and ROE is 16.30 percent. What is the amount of the firm's net fixed assets?
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