• EcoWorld Systems has reported a net income of $3.8 million for the fiscal year ending December 31, 2023. The company had total assets of $17 million and total liabilities of $11 million at the end of the year. During the year, EcoWorld Systems issued additional shares, increasing the total equity by $1.8 million. Calculate the return on equity (ROE) for EcoWorld Systems for the fiscal year 2023.