The maurer company has a long-term debt ratio of .31 and a current ratio of 1.70. current liabilities are $870, sales are $6,290, profit margin is 8.7 percent, and roe is 19.2 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.)

$ 3,912,531   TOTAL NONCURRENT ASSETS  

Explanation:

BALANCE

$ 1,479,000   TOTAL CURRENT ASSETS  

$ 3,912,531   TOTAL NONCURRENT ASSETS  

$ 5,391,531   TOTAL ASSETS  

$ 870,000   TOTAL CURRENT LIABILITIES  

$ 1,671,375   TOTAL NONCURRENT LIABILITIES  

$ 2,541,375   TOTAL LIABILITIES  

$ 2,850,156   TOTAL SHAREHOLDERS SEQUITY  

$ 5,391,531   TOTAL EQUITY & LIABILITIES  

CURRENT RATIO  1,70  

$ 1.479,000   TOTAL CURRENT ASSETS  

$ 870,000   TOTAL CURRENT LIABILITIES  

ROE19,2%

$547,230       Net Income  =  Sales  $6,290,000  * 8,7%

$2,850,156   TOTAL SHAREHOLDERS SEQUITY  

DEBT RATIO  0,31  

$ 5,391,531   TOTAL ASSETS  

$ 1,671,375   TOTAL NONCURRENT LIABILITIES  

odd consecutive integers are odd integers that follow each other. they have a difference of 2 between every two numbers. if n is an odd integer, then n, n+2, n+4 and n+6 will be odd consecutive integers. the first number in the pattern is always the variable on its own or in this case, "n". examples.