Question
Compare the return on equity (ROE) of Visa Inc. and Mastercard Incorporated for the fiscal year 2023: Company Visa Inc. Mastercard Incorporated Net Income $10
Compare the return on equity (ROE) of Visa Inc. and Mastercard Incorporated for the fiscal year 2023:
Company | Visa Inc. | Mastercard Incorporated |
Net Income | $10 billion | $8 billion |
Shareholders' Equity | $50 billion | $40 billion |
Return on Equity (ROE) |
Question:
Calculate the return on equity (ROE) for both Visa Inc. and Mastercard Incorporated. Which company has a higher ROE?
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Ethical Obligations and Decision Making in Accounting Text and Cases
Authors: Steven Mintz, Roselyn Morris
4th edition
978-1259543470, 1259543471, 978-1259730191
