pacific fixtures lists the following accounts as part of its balance sheet.
Total assets $10,000,000 Accounts payable $2,000,000 Notes payable (8%) 1,000,000 Bonds (10%) 3,000,000 Common stock at par 1,000,000 Contributed capital in excess of par 500,000 Retained earnings 2,500,000 Total liabilities and stockholders’ equity $10,000,000
Compute the return on stockholders’ equity if the company has sales of $20 million and add the following net profit margin
3 percent
5 percent
