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Company X has net sales revenue of $1,252,000, cost of goods sold of $763,000, and all other expenses of $292,000. The beginning balance of stockholders'
Company X has net sales revenue of $1,252,000, cost of goods sold of $763,000, and all other expenses of $292,000. The beginning balance of stockholders' equity is $420,000 and the beginning balance of fixed assets is $363,000. The ending balance of stockholders' equity is $650,000 and the ending balance of fixed assets is $391,000. Required Compute the return on equity (ROE) ratio. (Round your answer to the nearest whole percent,) on
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