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Company KKK has a net income of $500,000, total assets of $2,000,000, and total equity of $1,500,000. Calculate its return on equity (ROE). Explain the
Company KKK has a net income of $500,000, total assets of $2,000,000, and total equity of $1,500,000. Calculate its return on equity (ROE). Explain the return on equity (ROE) as a measure of a company's profitability and efficiency in generating returns for its shareholders. Discuss the significance of ROE in assessing a company's financial performance and its implications for shareholder wealth.
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