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

The Smathers Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of .36 and a current ratio of 1.34. Current liabilities are $2,430, sales are $10,570, profit margin is 10 percent, and ROE is 15 percent.

What is the amount of the firm’s current assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Current assets            $

What is the amount of the firm’s net income? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Net income            $

What is the amount of the firm’s total equity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Total equity            $

What is the amount of the firm’s long-term debt? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Long-term debt            $

What is the amount of the firm’s total debt? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Total debt            $

What is the amount of the firm’s total assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Total assets            $

What is the amount of the firm’s net fixed assets? (Do not round intermediate calculations and your answer to 2 decimal places, e.g., 32.16.)

Net fixed assets            $

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Answer #1

Current assets 256.20 1=2430*1.34 Net income $ 1,057.00 -10570*10% Total equity $ 7,046.67 -1057/15% Long-term debt $ 3,963.7

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