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 $240,000,
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 $240,000, total debt is $2.60 million, and debt ratio is 60 percent.
What is Nikki T's ROE for 2018?
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Risk Management And Financial Institutions
Authors: John Hull
1st Edition
0132397900, 9780132397902
