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BrightStar Technologies has reported a net income of $3.6 million for the fiscal year ending December 31, 2023. The company had total assets of $17

  • BrightStar Technologies has reported a net income of $3.6 million for the fiscal year ending December 31, 2023. The company had total assets of $17 million and total liabilities of $10 million at the end of the year. During the year, BrightStar Technologies issued additional shares, increasing the total equity by $1.5 million. Calculate the return on equity (ROE) for BrightStar Technologies for the fiscal year 2023.

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