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

---

Definitions:

Russia

The largest country in the world, spanning Eastern Europe and northern Asia, known for its rich history, cultural heritage, and as a major player in global politics.

John Adams

John Adams was the second President of the United States (1797–1801), a founding father, and a major figure in the American Revolution, known for his advocacy of independence from Great Britain.

Dutch

Refers to anything related to the Netherlands, its people, culture, or language.

Loyalists

Individuals who remained loyal to the British Crown during the American Revolutionary War, often opposing independence for the American colonies.