Intermediate Financial Management (MindTap Course List)
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN: 9781337395083
Author: Eugene F. Brigham, Phillip R. Daves
Publisher: Cengage Learning
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The Maurer Company has a long-term debt
ratio of 0.38 and a current ratio of 1.60. Current
liabilities are $940, sales are $6,360, the profit
margin is 9.7%, and ROE is 19.9%.
What is the amount of the firm's net fixed
assets?
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Transcribed Image Text:The Maurer Company has a long-term debt ratio of 0.38 and a current ratio of 1.60. Current liabilities are $940, sales are $6,360, the profit margin is 9.7%, and ROE is 19.9%. What is the amount of the firm's net fixed assets?
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ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Cengage Learning