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Nikko Corp

question 24

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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?

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Definitions:

Black-Run Institutions

Organizations or establishments operated and managed primarily by people of African descent.

African Descent

Relating to people whose ancestors were native to the African continent, often used in the context of discussions on race and identity.

Approximately

A term used to indicate that a given number or description is close to, but not exactly, a specific value or detail.

Annual Holiday

A yearly recurring festival or celebration, often marked by a specific tradition or honor, recognized either nationally, culturally, or religiously.

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