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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 35 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 35 and a current ratio of 1.25. Current liabilities are $2,510, sales are $12,840, profit margin is 8 percent, and ROE is 12.8 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 0.00
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