What is the amount of the firm’s net fixed assets?

Week 4, #5.

Net Fixed Assets = Total Assets – Current Liabilities – Total Equity

Total Assets = Sales / Profit Margin
= $6290 / 0.087
= $72,337

Total Equity = (ROE) x (Total Assets – Current Liabilities)
= 0.192x (72,337-$870).
= $13,433

Net Fixed Assets = $72,337-$870- $13,433
= $57,974

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