The Mikado Company has a long-term debt ratio (i.e., the ratio of lo.pdf

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The Mikado Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .46 and a current ratio of 1.35. Current liabilities are $2,435, sales are $10,585, profit margin is 11 percent, and ROE is 16 percent. What is the amount of the firms net fixed assets?.

The Mikado Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term
debt plus equity) of .46 and a current ratio of 1.35. Current liabilities are $2,435, sales are
$10,585, profit margin is 11 percent, and ROE is 16 percent. What is the amount of the firms net
fixed assets?

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