Question
You are thinking of investing in Nikki Ts, Inc. You have only the following information on the firm at year-end 2015: net income is $250,000,
You are thinking of investing in Nikki Ts, Inc. You have only the following information on the firm at year-end 2015: net income is $250,000, total debt is $2.5 million, and debt ratio is 55 percent.
| What is Nikki T's ROE for 2015? (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
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International Finance Putting Theory Into Practice
Authors: Piet Sercu
1st edition
069113667X, 978-0691136677
