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The Mikado Company has a ratio of long-term debt to long-term debt plus equity of 25 and a current ratio of 1.5. Current liabilities
The Mikado Company has a ratio of long-term debt to long-term debt plus equity of 25 and a current ratio of 1.5. Current liabilities are $900, sales are $6,230, profit margin is 8.1 percent, and ROE IS 18.6 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.) Net fixed assets The Iron River Company has an ROE of 14.2 percent and a payout ratio of 40 percent. What is the company's sustainable growth rate? (Do not round Intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Sustainable growth rate % Kodi Company has a debt-equity ratio of .85. Return on assets is 9.2 percent, and total equity is $745,000. a. What is the equity multiplier? (Do not round Intermedlate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the return on equity? (Do not round Intermedlate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. What is the net income? (Do not round Intermediate calculations.) Answer is complete but not entirely correct. a. Equity multiplier 1.85 b. Return on equity 17.02 % c. Net income $ 2,097,750
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