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You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $27.50 million,

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You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $27.50 million, accounts receivable are $3.20 million, ACP is 20 days, net income is $3.40 million, and debt-to-equity is 1.20 times. Calculate the ROE for the firm. (Do not round intermediate calculations. Round your final answer to 2 decimal places.) ROE References eBook & Resources Difficuity: 2 Intermediate Worksheet Check my work

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