You are thinking of investing in Tikki's Torches, Inc. You have only the following information on the firm at year-end 2008: net income = $620,000, total debt = $13.2 million, debt ratio = 42%. What is Tikki's ROE for 2008? A. 3.40% B. 11.19% C. 4.70% D. 1.97%

You are thinking of investing in Tikki's Torches, Inc. You have only the following information on the firm at year-end 2008: net income = $620,000, total debt = $13.2 million, debt ratio = 42%. What is Tikki's ROE for 2008? A. 3.40% B. 11.19% C. 4.70% D. 1.97%

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)

8th Edition

ISBN:9781285065137

Author:Eugene F. Brigham, Joel F. Houston

Publisher:Eugene F. Brigham, Joel F. Houston

Chapter8: Risk And Rates Of Return

Section: Chapter Questions

Problem 6DQ

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What is Tikki's ROE for 2008 on these general accounting question

You are thinking of investing in Tikki's Torches, Inc. You have only
the following information on the firm at year-end 2008: net
income = $620,000, total debt = $13.2 million, debt ratio = 42%.
What is Tikki's ROE for 2008?
A. 3.40%
B. 11.19%
C. 4.70%
D. 1.97%

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