Gladstone Pavers Has a Long-Term Debt Ratio of 0

Multiple Choice

Gladstone Pavers has a long-term debt ratio of 0.6 and a current ratio of 1.3. Current liabilities are $700, sales are $4,440, the profit margin is 9.5 percent, and the return on equity is 19.5 percent. How much does the firm have in net fixed assets?

A) $4,880.18
B) $5,197.69
C) $5,666.67
D) $5,848.15
E) $6,107.70