Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the plainfield company has a long-term debt ratio

The Plainfield Company has a long-term debt ratio (.e., the ratio of long-term debt to...

80.2K

Verified Solution

Question

Accounting

image

The Plainfield Company has a long-term debt ratio (.e., the ratio of long-term debt to long-term debt plus equity) of .54 and a current ratio of 1.43. Current liabilities are $2,475, sales are $10,705, 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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students