What was it's roe ? Nikko Corp.'s total common equity atthe end of last year was $390,000 andits 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%

Step 1: Define Return on EquityThe return on equity is calculated by dividing its net income by the…

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

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter14: Long-term Liabilities: Bonds And Notes

Section: Chapter Questions

Problem 1PEA

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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.)
Zero Corp's total common equity at the end of last year was $350,000 and its net income was $70,000. What was its ROE? a. 19.40% b.24.20% O c. 17.00% d. 17.40% e. 20.00%
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Explain
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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%