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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?

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?

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 52E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...
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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?
Transcribed Image Text: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?
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