Nikko Corp

question 24

Multiple Choice

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%
• E) 20.66%

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Definitions:

Vancouver Stock Exchange

A defunct stock exchange that was based in Vancouver, Canada, known for trading in junior equities and exploration companies.

Heavy Equipment

Large and often complex machinery used in construction, mining, and other industrial activities.

Closely Held Corporation

A business entity owned by a small number of shareholders, where shares are not publicly traded.

Articles Of Incorporation

A method of incorporating based on a US approach and used in some jurisdictions in Canada.