The Plainfield Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt
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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 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?
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Related Book For
Essentials of Corporate Finance
ISBN: 978-1260013955
10th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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