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Erbil Financial Services reports net income of IQD 80,000,000 and shareholders' equity of IQD 400,000,000 for the year ended December 31, 2023. Calculate the Return
Erbil Financial Services reports net income of IQD 80,000,000 and shareholders' equity of IQD 400,000,000 for the year ended December 31, 2023. Calculate the Return on Equity (ROE) for Erbil Financial Services for the year 2023. Interpret the ROE results to assess the company's profitability and efficiency in utilizing shareholder funds.
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