Question: The Caughlin Company has a long-term debt ratio of…
The Caughlin Company has a long-term debt ratio of .25 and a current ratio of 1.50. 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 final answer to 2 decimal places, e.g., 32.16.)
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