Gladstone Pavers Has a Long-Term Debt Ratio of 0

question 10

Multiple Choice

Gladstone Pavers has a long-term debt ratio of 0.6 and a current ratio of 1.6.Current liabilities are $700,sales are $4,440,the profit margin is 9.5 percent,and the return on equity is 19.5 percent.How much does the firm have in net fixed assets?

• A)$4,880.18
• B)$4,987.69
• C)$5,666.67
• D)$5,848.15
• E)$6,107.70

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