What is its return on stockholders equity

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Reference no: EM131624516

Fondren Machine Tools has total assets of $3,960,000 and current assets of $883,000. It turns over its fixed assets 3.5 times per year. Its return on sales is 5.7 percent. It has $1,590,000 of debt. What is its return on stockholders’ equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

Reference no: EM131624516

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