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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The ability of a financial instrument to be transferred from one party to another with the title passing to the transferee.

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