# 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?

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?

## This problem has been solved!

Do you need an answer to a question different from the above? Ask your question!

**Related Book For**

## Foundations of Financial Management

15th edition

Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen

ISBN: 978-1259194078