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FutureLink Corp. has reported a net income of $6.5 million for the fiscal year ending December 31, 2023. The company had total assets of $25
- FutureLink Corp. has reported a net income of $6.5 million for the fiscal year ending December 31, 2023. The company had total assets of $25 million and total liabilities of $15 million at the end of the year. During the year, FutureLink Corp. issued additional shares, increasing the total equity by $2.7 million. Calculate the return on equity (ROE) for FutureLink Corp. for the fiscal year 2023.
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