Fondren machine tools has total assets of 3850000 and

Reference no: EM13616839

Fondren Machine Tools has total assets of $3,850,000 and current assets of $856,000. It turns over its fixed assets 1.9 times per year. Its return on sales is 6.7 percent. It has $1,890,000 of debt. What is its return on stockholders' equity? Round answer to 2 decimal places.

Reference no: EM13616839

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