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Foundations Of Financial Management
Found in: Page 79
Foundations Of Financial Management

Foundations Of Financial Management

Book edition 16th
Author(s) Stanley B. Block, Geoffrey A. Hirt, Bartley Danielsen
Pages 768 pages
ISBN 9781259277160

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Short Answer

Fondren Machine Tools has total assets of $3,310,000 and current assets of $879,000. It turns over its fixed assets 3.6 times per year. Its return on sales is 4.8 percent. It has $1,750,000 of debt. What is its return on stockholders’ equity?

The return on the stockholder’s equity of the company is 26.93%.

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Step by Step Solution

Fixed assets of the company

Sales of the company

Net income of the company

Stockholder’s equity of the company

Return on stockholder’s equity

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