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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 2021 net income is $190,000,

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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 2021 net income is $190,000, total debt is $2.50 million, and debt ratio is 60 percent What is NIKKI T's ROE for 2021? (Do not round Intermediate calculations and round your final answer to 2 decimal places ROE

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