How do you find Net Fixed Assets in this problem?
The Hooya Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of 0.7 and a current ratio of 1.1. Current liabilities are $900, sales are $4,180, profit margin is 11 percent, and ROE is 18.5 percent.
The firm has $ ____in net fixed assets. (Round your answer to 2 decimal places).
Through use of the accounting equation, the attached file illustrates in detail, how one can calculate a firm's net fixed assets from provide information.