What is its return of stockholders equity


Profitability ratios Fondren Machine Tools has total assets of $3,000,000 and current assets of $800,000. It turns over its fixed assets 2.6 times per year. Its return on sales is 6.5 percent. It has $1,200,000 of debt. What is its return of stockholders' equity?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is its return of stockholders equity
Reference No:- TGS0553730

Expected delivery within 24 Hours