Fondren machine tools has total assets of 3850000 and


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?

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Financial Econometrics: Fondren machine tools has total assets of 3850000 and
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