The Plainfield Company has a long-term debt ratio (i.e., the ratio of long-term debt to...
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The Plainfield Company has a long-term debt ratio (i.e., the ratio of long-term debt to long-term debt plus equity) of 39 and a current ratio of 1.31. Current liabilities are $2,415, sales are $10,525, profit margin is 11 percent, and ROE is 16 percent. What is the amount of the firm's current assets? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Current assets What is the amount of the firm's net income? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Net income What is the amount of the firm's total equity? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Total equity What is the amount of the firm's long-term debt? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Long-term debt
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