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The Maurer Company has a long-term debt ratio of .31 and a current ratio of 1.70. Current liabilities are $870, sales are $6,290, profit margin is 8.7 percent, and ROE is 19.2 percent. What is the amount of the firm’s net fixed assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Respuesta :

mltn1980

Answer:

$ 3,912,531   TOTAL NONCURRENT ASSETS  

Explanation:

BALANCE

$ 1,479,000   TOTAL CURRENT ASSETS  

$ 3,912,531   TOTAL NONCURRENT ASSETS  

$ 5,391,531   TOTAL ASSETS  

$ 870,000   TOTAL CURRENT LIABILITIES  

$ 1,671,375   TOTAL NONCURRENT LIABILITIES  

$ 2,541,375   TOTAL LIABILITIES  

$ 2,850,156   TOTAL SHAREHOLDERS SEQUITY  

$ 5,391,531   TOTAL EQUITY & LIABILITIES  

CURRENT RATIO  1,70  

$ 1.479,000   TOTAL CURRENT ASSETS  

============

$ 870,000   TOTAL CURRENT LIABILITIES  

ROE 19,2%

$547,230       Net Income  =  Sales  $6,290,000  * 8,7%

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$2,850,156   TOTAL SHAREHOLDERS SEQUITY  

DEBT RATIO  0,31  

$ 5,391,531   TOTAL ASSETS  

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$ 1,671,375   TOTAL NONCURRENT LIABILITIES  

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