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can anyone plz the rate for return on equity for grp 2 advance accounts in ch double accounts system ???
Replies (2)
Hi Sanya,
Your question not clear.
The formula to calculate return on equity is as follows:
| ROE = | Annual Net Income |
| Average Stockholders' Equity |
Return on Equity is a measure of profitability of stockholders' investments. It shows net income as percentage of shareholder equity.
ok ..thnks ..actually i read somewhere that its 14% ..tbhi confusion thi .
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