Use the following information to calculate, to one decimal place, the return on equity (ROE) % for FY22: FY22 FY21 $m $m Contributed equity 1,173 1,100 Retained earnings 3,640 2,500 Finance costs 44 32 Tax expense 600 510 Profit 1,400 1,190 Question 48 Which of the following is most likely the result of a participative approach used in preparing a budget? O Forecasts that incorporate budget slack. Resentment from those responsible for implementing the budget. O Unfavourable variances. O Unachievable targets. O None of these are likely the result of a participative approach. 1 pts