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Pacific Fixtures lists the following accounts as part of its balance sheet. Total assets $9,000,000 Accounts payable $ 2,300,000 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 $ 2,300,000 Notes payable (8%) 900,000 Bonds (10%) 2,800,000 Common stock at par 1,100,000 Contributed capital in excess of par 600,000 Retained earnings 1,300,000 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:
5 percent. Round your answer to one decimal place
9 percent. Round your answer to one decimal place
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