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From the Bridge Chemical Company recently reported the following data in their annual report for 2022: 2021 2022 Revenues 150,000,000 175,000,000 Net Income 25,000,000 30,000,000
From the Bridge Chemical Company recently reported the following data in their annual report for 2022:
2021 | 2022 | |
Revenues | 150,000,000 | 175,000,000 |
Net Income | 25,000,000 | 30,000,000 |
Total Assets | 80,000,000 | 85,000,000 |
Total Liabilities | 20,000,000 | 25,000,000 |
What was the companys return on Equity in 2022? (Answers should be submitted in decimal form, for example 10% should be entered as .10. Round answers to 4 decimal places)
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