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You are thinking of investing in Nikki T ' s , Incorporated. You have only the following information on the firm at year - end:

You are thinking of investing in Nikki T

'

,

Incorporated. You have only the following information on the firm at year

-

end: Net income is $

210, 000,

total debt is $

2.70

million, and debt ratio is

60

percent.

What is Nikki T

'

s ROE for next year?

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