2024 – You are considering investing in Nuran Security Services You have been able to locate the following information on the

You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm:… – 2024

You are considering investing in Nuran Security Services. You have been able to locate the following information on the firm: total assets are $27.00 million, accounts receivable are $2.80 million, ACP is 25 days, net income is $3.00 million, and debt-to-equity is 1.50 times.

  

Calculate the ROE for the firm. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

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