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Fondren Machine Tools has total assets of $3000000 and current assets of $800000 It turns over its fixed assets 26 times per year Its return on sales is 65 percent It has $1200000 of debt

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 on stockholders’ equity?

Apr 24 2020 View more View Less

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