Multiple Choice
Gladstone Pavers has a long-term debt ratio of 0.6 and a current ratio of 1.6.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) $4,987.69
C) $5,666.67
D) $5,848.15
E) $6,107.70
Correct Answer:
Verified
Correct Answer:
Verified
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