The burk company has a ratio of long-term debt to long-term, Financial Management

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The burk company has a ratio of long-term debt to long-term

The Burk Company has a ratio of long-term debt to long-term debt plus equity of .25 and a current ratio of 1.5. Current liabilities are $900, sales are $6,230, profit margin is 8.1 percent, and ROE is 18.6 percent. What is the amount of the firm’s net fixed assets? (Do not round intermediate calculations and round your final answer to 2 decimal places (e.g., 32.16).)

Net fixed assets $

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Financial Management: The burk company has a ratio of long-term debt to long-term

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