Problem

Ratios and Fixed Assets The Le Bleu Company has a ratio of long-term debt to total a...

Ratios and Fixed Assets The Le Bleu Company has a ratio of long-term debt to total assets of .35 and a current ratio of 1.25. Current liabilities are $950, sales are $5,780, profit margin is 9.4 percent, and ROE is 18.2 percent. What is the amount of the firm’s net fixed assets?

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