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Network Communications has total assets of $1,760,000 and current assets of $642,000. It turns over its fixed assets four times a year. It has $318,000
Network Communications has total assets of $1,760,000 and current assets of $642,000. It turns over its fixed assets four times a year. It has $318,000 of debt. Its return on sales is 6 percent. What is its return on stockholders equity? (Do not round intermediate calculations. Input your answer as a percent rounded to 2 decimal places.)
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