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The Mikado Company has a ratio of long-term debt to long-term debt plus equity of .32 and a current ratio of 1.8. Current liabilities are
The Mikado Company has a ratio of long-term debt to long-term debt plus equity of .32 and a current ratio of 1.8. Current liabilities are $880, sales are $6,300, profit margin is 8.9 percent, and ROE is 19.3 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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