What is its return on stockholders
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?
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fondren machine tools has total assets of 3130000 and current assets of 866000 it turns over its fixed assets 27 times
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