You are thinking of investing in Nikki T's, Inc. You have only the following information...
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Accounting
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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