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Problem:

Network Communications has total assets of $1,500,000 and current assets of $612,000. It turns over its fixed assets three times a year. It has $319,000 of debt. Its return on sales is 8 percent.

Required:

Question 1: What is its return on stockholders' equity? Elucidate comprehensively and provide all workings and methods.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91146837

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