Nikko Corp.'s total common equity at the end of last year was $305,000 and its net income

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Nikko Corp.'s total common equity at the end of last year was $305,000 and its net income after taxes was $60,000. What was its ROE?

a.16.87%

b.17.75%

c.18.69%

d.19.67%

Related Book For answer-question

Intermediate Accounting

ISBN: 978-0538479738

18th edition

Authors: Earl K. Stice, James D. Stice

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Posted Date: Jan 07, 2021 05:35 AM

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Nikko Corp.'s total common equity at the end of last year was $305,000 and its net income

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Intermediate Accounting

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