TechFusion Ltd has reported a net income of $7 million for the fiscal year ending December 31, 2023 The company had total assets of $40 million and total liabilities of $20 million at the end of the year During the year, TechFusion Ltd issued additional shares, increasing the total equity by $3 5 m...

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TechFusion Ltd. has reported a net income of $7 million for the fiscal year ending December 31,

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TechFusion Ltd. has reported a net income of $7 million for the fiscal year ending December 31, 2023. The company had total assets of $40 million and total liabilities of $20 million at the end of the year. During the year, TechFusion Ltd. issued additional shares, increasing the total equity by $3.5 million. Calculate the return on equity (ROE) for TechFusion Ltd. for the fiscal year 2023.

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TechFusion Ltd. has reported a net income of $7 million for the fiscal year ending December 31,

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