Solved: Solve for long term assets, Finance Basics

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Solve for long term assets

Problem:

Solving for missing pieces in a ratio

The Burk Company has the following data:

Long-term debt to long-term debt plus equity of 0.6
Current ratio of 1.35
Liabilities are $950
Sales are $4,140
Profit margin is 9.5 percent
ROE is 22 percent.

Solve for long term assets (net fixed assets).

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Finance Basics: Solve for long term assets

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