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    Ratios and Fixed Assets: The Burk Company solve LT assets

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    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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    Solution Summary

    This solution provides a detailed explanation of the given financial problem formatted in Excel.