Network Communications has total assets of $1,500,000 and current assets of $612,000. It turns over its fixed

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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. What is its return on stockholders’ equity?

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Foundations of Financial Management

ISBN: 978-1259194078

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

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Question Posted: Oct 14, 2014 06:31 AM

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Network Communications has total assets of $1,500,000 and current assets of $612,000. It turns over its fixed

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Foundations of Financial Management

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