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Pacific Fixtures lists the following accounts as part of its balance sheet. Total assets $9,000,000 Accounts payable $ 1,800,000 Notes payable (8%) 900,000 Bonds (10%)

Pacific Fixtures lists the following accounts as part of its balance sheet.

Total assets $9,000,000
Accounts payable $ 1,800,000
Notes payable (8%) 900,000
Bonds (10%) 3,300,000
Common stock at par 900,000
Contributed capital in excess of par 600,000
Retained earnings 1,500,000
Total liabilities and stockholders equity $9,000,000

Compute the return on stockholders equity if the company has sales of $18 million and the following net profit margin:

3 percent. Round your answer to one decimal place.

5 percent. Round your answer to one decimal place.

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