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Fondren Machine Tools has total assets of $3,940,000 and current assets of $851,000. It turns over its fixed assets 2.8 times per year. Its return

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Fondren Machine Tools has total assets of $3,940,000 and current assets of $851,000. It turns over its fixed assets 2.8 times per year. Its return on sales is 4.7 percent. It has $1,830,000 of debt What is its return on stockholders' equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.) Return on stockh olders' equity

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