Profitability ratios fondren machine tools has total assets, Ask an Expert

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Profitability ratios Fondren Machine Tools has total assets of $3,000,000 and current assets of $800,000. It turns over its fixed assets 2.6 times per year. Its return on sales is 6.5 percent. It has $1,200,000 of debt. What is its return of stockholders' equity?

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