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The Maurer Company has a long-term debt ratio of .36 and a current ratio of 1.70. Current liabilities are $920, sales are $6,340, profit margin
The Maurer Company has a long-term debt ratio of .36 and a current ratio of 1.70. Current liabilities are $920, sales are $6,340, profit margin is 9.5 percent, and ROE is 19.7 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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