Stone Walls has a long-term debt ratio of .6 and a current ratio of 1.2. Current liabilities are $800, sales are $7,800, the profit margin is 6.5 percent, and return on equity is 15.5 percent. What is the amount of the firm's net fixed assets?
A) $8,880.15
B) $8,017.43
C) $7,666.67
D) $5,848.15
E) $8,977.43

Question

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The Answer of Stone Walls has a long-term debt ratio of .6 and a current ratio of 1.2. Current liabilities are $800, sales are $7,800, the profit margin is 6.5 percent, and return on equity is 15.5 percent. What is the amount of the firm's net fixed assets?
A) $8,880.15
B) $8,017.43
C) $7,666.67
D) $5,848.15
E) $8,977.43

Stone Walls Has a Long-Term Debt Ratio of