Network Communications has total assets of $1,570,000 and current assets of $626,000. It turns over its fixed assets six times a year. It has $374,000 of debt. Its return on sales is 7 percent. What is its return on stockholders' equity? (Do not round Intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity %

Network Communications has total assets of $1,570,000 and current assets of $626,000. It turns over its fixed assets six times a year. It has $374,000 of debt. Its return on sales is 7 percent. What is its return on stockholders' equity? (Do not round Intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity %

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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