Question
You are thinking of investing in Tikki's Torches, Inc. You have only the following information on the firm at year-end 2008: net income = $590,000,
You are thinking of investing in Tikki's Torches, Inc. You have only the following information on the firm at year-end 2008: net income = $590,000, total debt = $12.9 million, debt ratio = 44%. What is Tikki's ROE for 2008?
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Financial Economics
Authors: Frank J. Fabozzi, Edwin H. Neave, Guofu Zhou
1st Edition
0470596201, 9780470596203
