Return on stockholders equity

Reference no: EM13763104

Fondren Machine Tools has total assets of $3,130,000 and current assets of $866,000. It turns over its fixed assets 2.7 times per year. Its return on sales is 8.5 percent. It has $1,920,000 of debt.

What is its return on stockholders' equity?

Reference no: EM13763104

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