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).© BrainMass Inc. brainmass.com June 4, 2020, 4:10 am ad1c9bdddf
This solution provides a detailed explanation of the given financial problem formatted in Excel.