The Maurer Company has a long-term debt ratio of .40 and a current ratio of 1.30. Current liabilities are $920, sales are $5,115, profit margin is 9.90 percent, and ROE is 17.20 percent. What is the amount of the firm's net fixed assets?
Financial Ratios
A Ratio refers to a figure calculated as a reference to the relationship of two or more numbers and can be expressed as a fraction, proportion, percentage, or the number of times. When the number is determined by taking two accounting numbers derived from the financial statements, it is termed as the accounting ratio.
Return on Equity
The Return on Equity (RoE) is a measure of the profitability of a business concerning the funds by its stockholders/shareholders. ROE is a metric used generally to determine how well the company utilizes its funds provided by the equity shareholders.
The Maurer Company has a long-term debt ratio of .40 and a current ratio of 1.30. Current liabilities are $920, sales are $5,115, profit margin is 9.90 percent, and
Ratio analysis is a tool used to evaluate a company's financial performance and position by comparing various financial and operational metrics.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps