I was working on the following question:
Calculate BCM's return on equity.
using the formula ROE = net income / total equity I calculated the answer to be 0.025.
the answer options I am given are
a) 4.8, b) 5.9 c) 6.7 d) 8.3 e) 11.6
I have attached an image of the spreadsheet with the correct labels and numbers to see what exactly I am calculating wrong
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