Pacific Fixtures lists the following accounts as part of its balance sheet.

Compute the return on stockholders’ equity if the company has sales of $20 million and the following net profit margin: k-63

a. 3 percent

b. 5 percent

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Total assets Accounts payable Notes payable (8%) Bonds (10%) Common stock at par Contributed capital in excess of par Retained earnings Total liabilities and stockholders' equity $10,000,000 $2,000,000 1,000,000 3,000,000 1,000,000 500,000 2,500,000 $10,000,000