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The Mikado Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of 41 and a current ratio
The Mikado Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of 41 and a current ratio of 1.29. Current liabilities are $2,405, sales are $10,495, profit margin is 9 percent, and ROE is 14 percent. What is the amount of the firm's net fixed assets? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16
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