Answered

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The net income of Sunrise Corporation is $5 million, and shareholders' equity is $50 million. The return on equity (ROE) is

Sagot :

Ritmeks

The return on equity(ROE) is 0.1

The parameters given in the question are

Net income= $5 million

Shareholder's equity= $50 million

The formular for return on equity is

The return on equity can be described as the ratio of the net income an shareholder's equity

The formula for ROE can be written as follows;

= Net income/Shareholder's equity

= 5 million/50 million

= 0.1

Hence the return on equity(ROE) is 0.1

Please see the link below for more information

https://brainly.com/question/14277454?referrer=searchResults

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