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 2011: net income = $500,000,total debt = $12 million,and debt ratio = 40 percent.What is Tikki's ROE for 2011?
A)1.67 percent
B)2.78 percent
C)4.17 percent
D)10.42 percent

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The Answer of 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 2011: net income = $500,000,total debt = $12 million,and debt ratio = 40 percent.What is Tikki's ROE for 2011?
A)1.67 percent
B)2.78 percent
C)4.17 percent
D)10.42 percent

Profitability and Asset Management Ratios You Are Thinking of Investing