Company has long-term debt ratio

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The Smathers Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .50 and a current ratio of 1.39. Current liabilities are $2,455, sales are $10,645, profit margin is 11 percent, and ROE is 16 percent. What is the amount of the firm’s net fixed assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) What is Net fixed assets.

Reference no: EM131838970

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