The MaurerCompany has a long-term debt ratio of .41 and a current ratio of 1.30. Current liabilities
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Question:
The MaurerCompany has a long-term debt ratio of .41 and a current ratio of 1.30. 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 firm's net fixed assets?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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