The Caughlin Company has a long-term debt ratio of 0.41 and a current ratio of 1.30. Current liabilities are $970, sales are $6,390, the profit margin is 9.4 percent, and ROE is 20.2 percent. What is the amount of the firm's net fixed assets?

The Caughlin Company has a long-term debt ratio of 0.41 and a current ratio of 1.30. Current liabilities are $970, sales are $6,390, the profit margin is 9.4 percent, and ROE is 20.2 percent. What is the amount of the firm's net fixed assets?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter7: Analysis Of Financial Statements

Section: Chapter Questions

Problem 7P: Ace Industries has current assets equal to 3 million. The companys current ratio is 1.5, and its...

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The Caughlin Company has a long-term debt ratio of 0.41
and a current ratio of 1.30. Current liabilities are $970,
sales are $6,390, the profit margin is 9.4 percent, and ROE
is 20.2 percent.
What is the amount of the firm's net fixed assets?

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