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What is the formula for return on equity 2024?
equity formula
Questioner:Max Thompson 2023-05-07 14:35:39
The most authoritative answer in 2024
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Charlotte Patel——Studied at the University of Cape Town, Lives in Cape Town, South Africa.
Return on equity (ROE) is a measure of profitability that calculates how many dollars of profit a company generates with each dollar of shareholders'
equity. The
formula for ROE is: ROE = Net Income/Shareholders'
Equity. ROE is sometimes called "
return on net worth."
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