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The Plainfield Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .48 and a current ratio
The Plainfield Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .48 and a current ratio of 1.37. Current liabilities are $2,445, sales are $10,615, profit margin is 9 percent, and ROE is 14 percent. | ||||||||||||
What is the amount of the firms current assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
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