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Posted on May 14, 2024

Return on Equity = ( Net Income ) / ( ( Beging Total Equity + Ending Total Equity ) / 2 ) times 1

Return on Equity

= (

Net Income

) / ((

Beging Total Equity

+

Ending Total Equity

) / 2) \\

times

100

NET INCOME

= 202, 000, 000

BEGINING TOTAL EQUITY

= 2, 722, 000

ENDING TOTAL EQUITY

= 2, 233, 000

The company

s Return on Equity ratio is

?

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