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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 $150,000,

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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 $150,000, total debt is $3.40 million, and debt ratio is 70 percent. What is Nikki T's ROE for 2018? (Do not round intermediate calculations and round your final answer to 2 decimal places.) ROE %

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