balance sheet would look like. The president believes that it would be advisable to begin the new venture with ratios that are similar to the industry average. Tarheel plans to make all sales on credit. All calculations assume a 365 -day year. Sales =$4,015,000 Pacific Fixtures lists the following accounts as part of its balance sheet. Compute the return on stockholders' equity if the company has sales of $24 million and the following net profit margin: a. 5 percent. Round your answer to one decimal place. % b. 8 percent. Round your answer to one decimal place. %