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You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $26.95 million, accounts receivable are $4.30 million, ACP is 30 days, net income is $4.50 million, and debt-to-equity is 1.20 times. Calculate the ROE for the firm.

You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $26.95 million, accounts receivable are $4.30 million, ACP is 30 days, net income is $4.50 million, and debt-to-equity is 1.20 times. Calculate the ROE for the firm.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $26.95 million, accounts receivable are $4.30 million, ACP is 30 days, net income is $4.50 million, and debt-to-equity is 1.20 times. Calculate the ROE for the firm.
Transcribed Image Text:You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $26.95 million, accounts receivable are $4.30 million, ACP is 30 days, net income is $4.50 million, and debt-to-equity is 1.20 times. Calculate the ROE for the firm.
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