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 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

You Are Thinking of Investing in Tikki's Torches, Inc