Answered: Nikko Corp.'s total common equity at…

Nikko Corp.'s total common equity at the end of last year was $390,000 and its net income after taxes was $60,000. What was its ROE? A. 14.48% B. 17.18% C. 15.38% D. 16.28% E. 18.08%

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

Can you please solve this general account query??

Nikko Corp.'s total common equity at
the end of last year was $390,000 and
its net income after taxes was
$60,000. What was its ROE?
A. 14.48%
B. 17.18%
C. 15.38%
D. 16.28%
E. 18.08%

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Similar questions

Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the market price per share for Rebert is 51.50. Required: 1. Compute the dollar amount of preferred dividends. 2. Compute the number of common shares. 3. Compute earnings per share. (Note: Round to two decimals.) 4. Compute the price-earnings ratio. (Note: Round to the nearest whole number.)
Nilam Corp.'s total common equity at the end of last year was $426,000 and its net income after taxes was $73,000. What was its ROE? A. 17.14% B. 13.18% C. 15.38% D. 16.28% E. 18.08%. ANSWER
ROE ?
Nilam Corp.'s total common equity at the end of last year was $426,000 and its net income after taxes was $73,000. What was its ROE? A. 17.14% B. 13.18% C. 15.38% D. 16.28% E. 18.08%
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Subject:- General Account
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