What is amount of the firm net fixed assets

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Reference no: EM131845169

The Smathers Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .39 and a current ratio of 1.31. Current liabilities are $2,415, sales are $10,525, 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.)

Net fixed assets $

Please show all work.

Reference no: EM131845169

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