It has 347000 of debt its return on sales is 7 percent what, Financial Management

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It has 347000 of debt its return on sales is 7 percent what

Network Communications has total assets of $1,690,000 and current assets of $685,000. It turns over its fixed assets two times a year. It has $347,000 of debt. Its return on sales is 7 percent. What is its return on stockholders’ equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

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Financial Management: It has 347000 of debt its return on sales is 7 percent what

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