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GreenFuture Corp. has reported a net income of $4 million for the fiscal year ending December 31, 2023. The company had total assets of $25

  •  GreenFuture Corp. has reported a net income of $4 million for the fiscal year ending December 31, 2023. The company had total assets of $25 million and total liabilities of $10 million at the end of the year. During the year, GreenFuture Corp. issued additional shares, increasing the total equity by $2 million. Calculate the return on equity (ROE) for GreenFuture Corp. for the fiscal year 2023.

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