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The Frasier Company Has a Long-Term Debt Ratio of 0

Question 181

Multiple Choice

The Frasier Company has a long-term debt ratio of 0.5 and a current ratio of 1.3. Current liabilities are $900, sales are $6,000, profit margin is 10%, and ROE is 19&. What is the amount of the firm's net fixed assets?


A) $7,546
B) $7,046
C) $6,556
D) $6,046
E) $5,556

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