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Jerry Rice and Grain Stores has $ 4 , 7 8 0 , 0 0 0 in yearly sales. The firm earns 4 . 5
Jerry Rice and Grain Stores has $ in yearly sales. The firm earns on each dollar of sales and turns over its assets times per year. It has $ in current liabilities and $ in long term liabilities. a What is its return on stockholders' equity? b If the asset base remains the same as computed in part a but total asset turnover goes up to what will be the new return on stockholders' equity?
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