Compute it's return on equity for this financial accounting question ABC Technologies reports a net income for 2022 of $3,750 million.Its stockholders' equity is $7,200 million and $7,800 million for 2021and 2022, respectively. Compute its return on equity for 2022.

Step 1: Define Return on Equity (ROE)Return on Equity (ROE) measures a company's profitability by…

Answered: ABC Technologies reports a net income…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 67BE

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ABC Technologies reports a net income for 2022 of $3,750 million. Its stockholders' equity is $7,200 million and $7,800 million for 2021 and 2022, respectively. Compute its return on equity for 2022.