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Marat540 [252]
2 years ago
7

Ondren Machine Tools has total assets of $3,930,000 and current assets of $829,000. It turns over its fixed assets 3.8 times per

year. Its return on sales is 6.5 percent. It has $1,280,000 of debt.
What is its return on stockholders’ equity?
Business
2 answers:
Katarina [22]2 years ago
6 0

The return on stockholders’ equity is 28.90%.

<h3>How to calculate the stockholders’ equity?</h3>

Total Assets 3930000

Less: Total debt 1280000

Total Stockholders' equity 2650000

Total assets 3930000

Less: Current assets 829000

Fixed Assets 3101000

Total Assets 3930000

Less: Total debt 1280000

Total Stockholders' equity 2650000

Total assets 3930000

Less: Current assets 829000

Fixed Assets 3101000

Fixed Assets 3101000

X Fixed Assets turnover 3.8

Total revenue 11783800

Total revenue 11783800

X Return on sales 6.50%

Net income 765947

Net income 765947

Divide by Total Stockholders' equity 2650000

Return on stockholders’ equity 28.90%

Learn more about equity on:

brainly.com/question/25847981

#SPJ1

exis [7]2 years ago
3 0

Machine Tools has total assets of $3,930,000 and current assets of $829,000. It turns over its fixed assets 3.8 times per year. Its return on sales is 6.5 percent. It has $1,280,000 of debt.

What is its return on stockholders equity

= 2,650,000 dived total stockholders equity

= 28.90% return on stockholders equtiy

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