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  3. company x has net sales revenue of $1,253,000, cos

Company X has net sales revenue of $1,253,000, cost of goods sold of $764,500, and...

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Accounting

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Company X has net sales revenue of $1,253,000, cost of goods sold of $764,500, and all other expenses of $293,000. The beginning balance of stockholders' equity is $430,000 and the beginning balance of fixed assets is $364,000. The ending balance of stockholders' equity is $675,000 and the ending balance of fixed assets is $392,000. Required Compute the return on equity (ROE) ratio. (Round your answer to the nearest whole percent.) Return on Equity

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