Network Communications has total assets of $1,570,000 and current assets of $626,000. It turns over its fixed assets six times a year. It has $374,000 of debt. Its return on sales is 7 percent. What is its return on stockholders' equity? (Do not round Intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity %
Network Communications has total assets of $1,570,000 and current assets of $626,000. It turns over its fixed assets six times a year. It has $374,000 of debt. Its return on sales is 7 percent. What is its return on stockholders' equity? (Do not round Intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity %
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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