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BlueWave Enterprises has reported a net income of $2.7 million for the fiscal year ending December 31, 2023. The company had total assets of $16
- BlueWave Enterprises has reported a net income of $2.7 million for the fiscal year ending December 31, 2023. The company had total assets of $16 million and total liabilities of $10 million at the end of the year. During the year, BlueWave Enterprises issued additional shares, increasing the total equity by $1.2 million. Calculate the return on equity (ROE) for BlueWave Enterprises for the fiscal year 2023.
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