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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 2015: 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 2015: net income is $240,000, total debt is $2.61m, and debt ratio is 60 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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