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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%

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
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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What was it's roe ?

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%
Transcribed Image Text: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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