Respuesta :
The return on stockholders’ equity is 28.90%.
How to calculate the stockholders’ equity?
Total Assets 3930000
Less: Total debt 1280000
Total Stockholders' equity 2650000
Total assets 3930000
Less: Current assets 829000
Fixed Assets 3101000
Total Assets 3930000
Less: Total debt 1280000
Total Stockholders' equity 2650000
Total assets 3930000
Less: Current assets 829000
Fixed Assets 3101000
Fixed Assets 3101000
X Fixed Assets turnover 3.8
Total revenue 11783800
Total revenue 11783800
X Return on sales 6.50%
Net income 765947
Net income 765947
Divide by Total Stockholders' equity 2650000
Return on stockholders’ equity 28.90%
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Machine Tools has total assets of $3,930,000 and current assets of $829,000. It turns over its fixed assets 3.8 times per year. Its return on sales is 6.5 percent. It has $1,280,000 of debt.
What is its return on stockholders equity
= 2,650,000 dived total stockholders equity
= 28.90% return on stockholders equtiy
