Question
The Smathers Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .36 and a current ratio
The Smathers Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .36 and a current ratio of 1.34. Current liabilities are $2,430, sales are $10,570, profit margin is 10 percent, and ROE is 15 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.) Current assets $ What is the amount of the firms net income? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net income $ What is the amount of the firms total equity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total equity $ What is the amount of the firms long-term debt? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Long-term debt $ What is the amount of the firms total debt? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total debt $ What is the amount of the firms total assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total assets $ What is the amount of the firms net fixed assets? (Do not round intermediate calculations and your answer to 2 decimal places, e.g., 32.16.) Net fixed assets $
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