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

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Finance

The Smathers Company has a long-term debt ratio (i.e., the ratioof long-term debt to long-term debt plus equity) of .43 and acurrent ratio of 1.27. Current liabilities are $2,395, sales are$10,465, profit margin is 11 percent, and ROE is 16 percent.
What is the amount of the firm’s long-term debt? (Do notround intermediate calculations and your answer to 2 decimalplaces, e.g., 32.16.)
What is the amount of the firm’s total debt? (Do notround intermediate calculations and your answer to 2 decimalplaces, e.g., 32.16.)
What is the amount of the firm’s total assets? (Do notround intermediate calculations and your answer to 2 decimalplaces, e.g., 32.16.)
What is the amount of the firm’s net fixed assets? (Donot round intermediate calculations and your answer to 2 decimalplaces, e.g., 32.16.)

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4.4 Ratings (833 Votes)

Current liabilities 2395 Sales 10465 Long term debt ratio 043 current ratio 127 Profit margin 11 Return on equity16 Net profit sales profit margin Net profit 10465011 115115 Equity Net See Answer

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The Smathers Company has a long-term debt ratio (i.e., the ratioof long-term debt to long-term debt plus equity) of .43 and acurrent ratio of 1.27. Current liabilities are $2,395, sales are$10,465, profit margin is 11 percent, and ROE is 16 percent.What is the amount of the firm’s long-term debt? (Do notround intermediate calculations and your answer to 2 decimalplaces, e.g., 32.16.)What is the amount of the firm’s total debt? (Do notround intermediate calculations and your answer to 2 decimalplaces, e.g., 32.16.)What is the amount of the firm’s total assets? (Do notround intermediate calculations and your answer to 2 decimalplaces, e.g., 32.16.)What is the amount of the firm’s net fixed assets? (Donot round intermediate calculations and your answer to 2 decimalplaces, e.g., 32.16.)