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Answer :
Final answer:
The amount of the firm's net fixed assets is $[NET_FIXED_ASSETS].
Explanation:
To calculate the amount of the firm's net fixed assets, we need to use the given information and relevant formulas.
First, let's calculate the equity of the firm using the long-term debt ratio:
Equity = Long-term Debt / (Long-term Debt Ratio - 1)
Substituting the given values:
Equity = Long-term Debt / (0.48 - 1)
Next, we can calculate the total assets of the firm using the current ratio:
Total Assets = Current Ratio * Current Liabilities
Substituting the given values:
Total Assets = 1.37 * $2,445
Now, we can calculate the total debt of the firm:
Total Debt = Total Assets - Equity
Substituting the calculated equity and total assets:
Total Debt = Total Assets - Equity
Finally, we can calculate the net fixed assets:
Net Fixed Assets = Total Assets - Total Debt
Substituting the calculated total assets and total debt:
Net Fixed Assets = Total Assets - Total Debt
Learn more about calculating net fixed assets here:
https://brainly.com/question/33088495
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Final answer:
The amount of the firm's net fixed assets is $[NET_FIXED_ASSETS].
Explanation:
To calculate the amount of the firm's net fixed assets, we need to use the given information and relevant formulas.
First, let's calculate the equity of the firm using the long-term debt ratio:
Equity = Long-term Debt / (Long-term Debt Ratio - 1)
Substituting the given values:
Equity = Long-term Debt / (0.48 - 1)
Next, we can calculate the total assets of the firm using the current ratio:
Total Assets = Current Ratio * Current Liabilities
Substituting the given values:
Total Assets = 1.37 * $2,445
Now, we can calculate the total debt of the firm:
Total Debt = Total Assets - Equity
Substituting the calculated equity and total assets:
Total Debt = Total Assets - Equity
Finally, we can calculate the net fixed assets:
Net Fixed Assets = Total Assets - Total Debt
Substituting the calculated total assets and total debt:
Net Fixed Assets = Total Assets - Total Debt
Learn more about calculating net fixed assets here:
https://brainly.com/question/33088495
#SPJ14
