Nikko Electronics, Inc. had total common equity of $500,000 at the end of last year, and its net income after taxes was $75,000. What was its ROE (Return on Equity)? A. 14.55% B. 15.00% C. 16.25% D. 18.00%

Nikko Electronics, Inc. had total common equity of $500,000 at the end of last year, and its net income after taxes was $75,000. What was its ROE (Return on Equity)? A. 14.55% B. 15.00% C. 16.25% D. 18.00%

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

Nikko Electronics, Inc. Had total common equity of... Please answer the financial accounting

Nikko Electronics, Inc. had total common equity of
$500,000 at the end of last year, and its net
income after taxes was $75,000. What was its ROE
(Return on Equity)?
A. 14.55%
B. 15.00%
C. 16.25%
D. 18.00%

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