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    Sharpe Razor Company Exercise

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    Sharpe Razor Company has total assets of $2,500,000 and current assets of $1,000,000. It turns over its fixed assets.
    5 times a year and has $700,000 of debt. Its return on sales is 3 percent. What is Sharpe's return on stockholders'
    equity?

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    Solution Preview

    Sharpe Razor Company

    Sharpe Razor Company has total assets of $2,500,000 and current assets of $1,000,000. It turns over its fixed assets
    5 times a year and has $700,000 of debt. Its return on sales ...

    Solution Summary

    This solution provides calculations in Excel for return on stockholder equity.

    $2.19