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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.

Solution provided by:
Carol Sargent, PhD
Education
  • BSc, University of Virginia
  • MSc, University of Virginia
  • PhD, Georgia State University
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