Answer)
Profit margin=Net income/sales
Net income=(0.097*6,360)=$616.92
Current ratio =Current assets/Current liabilities
Current assets=(1.6*940)=$1,504
ROE=Net income/Equity
Equity=(616.92/0.199)=$3,100.10
Long term debt ratio=Long term debt/(Long term debt+Total equity)
Long term debt =0.38*(Long term debt+3,100.10)
Long term debt =0.38Long term debt+1,178.04
Long term debt=1,178.04/(1-0.38)
=$1,900.06
Total assets=Total equity+Total liabilities
(Current assets+Net fixed assets)=(Current liabilities+Long term liabilities)+Total equity
(1,504+Net fixed assets)=(940+$1,900.06)+$3,100.10
Net fixed assets= 940 + 1,900.06 + 3,100.10 - 1,504
Net fixed assets=
=$4,436.16(Approx).
The Maurer Company has a long-term debt ratio of 38 and a current ratio of 1.60....
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