(Answered) Network communications has total assets of 1870000 and

Management Studies

Network Communications has total assets of $1,870,000 and current assets of $667,000. It turns over its fixed assets one times a year. It has $335,000 of debt. Its return on sales is 5 percent.

What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)

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