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?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is its return on stockholders
Reference No:- TGS01033183

Expected delivery within 24 Hours