Question
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 $320,000,
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 $320,000, total debt is $2.20 million, and debt ratio is 50 percent. What is Nikki T's ROE for 2018? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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Financial Management Core Concepts
Authors: Raymond Brooks
3rd Edition
0133866742, 9780133866742
