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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff50a3712-10cc-4370-ad64-f06d3951840d%2F3abe60f5-4d38-462e-8624-ac3c77a2fd68%2Fj75r5xh_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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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