Profitability and Asset Management Ratios You are thinking of investing in Tikki’s Torches, Inc. You have only the following information on the firm…

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Profitability and Asset Management Ratios

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 = $690,000, total debt = $13.9 million, debt ratio = 44%. What is Tikki’s ROE for 2008?

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