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CleanEnergy Corp. has reported a net income of $2.3 million for the fiscal year ending December 31, 2023. The company had total assets of $21

  • CleanEnergy Corp. has reported a net income of $2.3 million for the fiscal year ending December 31, 2023. The company had total assets of $21 million and total liabilities of $11 million at the end of the year. During the year, CleanEnergy Corp. issued additional shares, increasing the total equity by $1.7 million. Calculate the return on equity (ROE) for CleanEnergy Corp. for the fiscal year 2023.

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