Fondren Machine Tools has total assets of $3,310,000 and current assets of $879,000. It turns over its fixed assets 3.6 times per year. Its return on sales is 4.8 percent. It has $1,750,000 of debt. What is its return on shareholders equity? (Do not round intermediate answers. Input your answer as a percent rounded to 2 decimal places.) Return on stockholders' equity