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Business, 20.09.2020 17:01 parkerduncan1230

The Plainfield Company has a long-term debt ratio (i. e., the ratio of long-term debt to long-term debt plus equity) of .48 and a current ratio of 1.37. Current liabilities are $2,445, sales are $10,615, profit margin is 9 percent, and ROE is 14 percent. What is the amount of the firm’s net fixed assets?

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