Question
You are thinking of investing in Nikki T's, Inc. You have only the following information on the firm at year-end 2015: net income is $290,000,
| You are thinking of investing in Nikki T's, Inc. You have only the following information on the firm at year-end 2015: net income is $290,000, total debt is $2.29m, and debt ratio is 50 percent. |
| What is Nikki T's ROE for 2015? (Do not round intermediate calculations and round your final answer to 2 decimal places.) |
| ROE | % |
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Public Finance
Authors: Richard W. Tresch
3rd Edition
012415834X, 9780124158344
