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GlobalTech Ltd's year-end financials are as follows: GlobalTech Ltd has a fair market value of assets amounting to 650,000, total liabilities of 300,000, shareholder's equity

GlobalTech Ltd's year-end financials are as follows:
GlobalTech Ltd has a fair market value of assets amounting to £650,000, total liabilities of £300,000, shareholder's equity of £250,000, and net income of £60,000.
Requirements:
Calculate the Return on Equity (ROE) for GlobalTech Ltd for the year ended 31 December 2021.
Discuss the importance of fair market value in assessing the financial stability of GlobalTech Ltd.
Prepare the equity section of GlobalTech Ltd’s balance sheet as of 31 December 2021.

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