The Caughlin Company has a long-term debt ratio of .37 and a current ratio of 1.50. Current liabilities are $930, sales are $6,350, profit margin is 9.6 percent, and ROE is 19.8 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.)

Answer rating: 100% (QA)

To calculate the amount of the firms net fixed assets we first need to calculate the firms equity mu... View the full answer