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

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Finance

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The Plainfield Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .53 and a current ratio of 1.42 . Current liabilities are $2,470, sales are $10,690, profit margin is 10 percent, and ROE is 15 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.)

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