en Machine Tools has total assets of $3,130,000 and current assets of $866,000. It turns over its fixed assets 2.7 times pe urn on sales is 8.5 percent. It has $1,920,000 of debt. is its return on stockholders' equity? Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. n on stockholders' equity %
en Machine Tools has total assets of $3,130,000 and current assets of $866,000. It turns over its fixed assets 2.7 times pe urn on sales is 8.5 percent. It has $1,920,000 of debt. is its return on stockholders' equity? Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places. n on stockholders' equity %
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
![en Machine Tools has total assets of $3,130,000 and current assets of $866,000. It turns over its fixed assets 2.7 times pe
urn on sales is 8.5 percent. It has $1,920,000 of debt.
is its return on stockholders' equity?
Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.
n on stockholders' equity
%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd822dd9d-d9ae-4707-8055-bfb2b35c772c%2F6861e8e8-ff90-4f52-b9ed-19fefbe3ed20%2F33h4ayf_processed.jpeg&w=3840&q=75)
Transcribed Image Text:en Machine Tools has total assets of $3,130,000 and current assets of $866,000. It turns over its fixed assets 2.7 times pe
urn on sales is 8.5 percent. It has $1,920,000 of debt.
is its return on stockholders' equity?
Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.
n on stockholders' equity
%
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