What is the amount of the firm net fixed assets?

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Reference no: EM133674244

Question

The Lawrence Company has a ratio of long-term debt to long-term debt plus equity of .42 and a current ratio of 1.4.

Current liabilities are $980, sales are $6,400, profit margin is 9.5 percent, and ROE is 20.3 percent.

What is the amount of the firm's net fixed assets?

Reference no: EM133674244

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