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You are thinking of investing in Nikki T's, Inc. You have only the following information on the firm at year-end 2018 net income is $240,000,

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You are thinking of investing in Nikki T's, Inc. You have only the following information on the firm at year-end 2018 net income is $240,000, total debt is $2.60 million, and debt ratio is 60 percent What is NITS ROE for 2018? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) ROE 3 4 5 6 7

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