18 Fondren Machine Tools has total assets of $3,960,000 and current assets of $883,000. It turns over its fixed assets 3.5 times per year.
Its return on sales is 5.7 percent. It has $1,590,000 of debt.
What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 b
decimal places.)
4
points
Return on stockholders' equity
%
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Of the four types of discharge, firing a. results from an employee's poor performance⎯that is, from his or her failure to fulfill expectations.b. is for-cause dismissal⎯the result of employee theft, gross insubordination, release of proprietary information, and so on.c. usually refers to the temporary unemployment experienced by hourly employees and implies that they are "subject to recall."d. designates the permanent elimination of a job as a result of workforce reduction, plant closing, or departmental consolidation.