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The Maurer Company has a long-term debt ratio of .20 and a current ratio of 1.70. Current liabilities are $910, sales are $5,140, profit margin
The Maurer Company has a long-term debt ratio of .20 and a current ratio of 1.70. Current liabilities are $910, sales are $5,140, profit margin is 9.10 percent, and ROE is 17.40 percent. What is the amount of the firm's net fixed assets? Step by step, please..
this is what i did please let me know what i did wrong
TD=.202.8138.676TD=1627.735 ow fixed Ass: Net. Fix. ASS =1TL+q+ Curs.11ab - curr, =1627.735+8138.676+9101547 Submit only one question per post to get the fastest response. Company A longtern debt ratio =.20 current ratio =1.70 current liab=910 sales =5140 profitmarg =9.10%=.091 ROE =17.40%=.17.4 What is Net fixed assets? To get Net fixed asset: current Ass + Ne+ Fixed Ass = tot hab iquity For this find curr ass and net income - Find curr asset current ratio =wirliabcurrass 910 - profitm= SalesNetinc100 5140x.091=5140x5140 V67.74100=467 4 - Find total liabis rquity Hotal liabs q= curr liab + longterm debt + tota Find longterm deb+ ttot1 alStep by Step Solution
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