Cordoza Corporation had profit of $400,000 in 2021. Total shareholders' equity was $1,400,000 at December 31, 2019; $1,5

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answerhappygod
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Cordoza Corporation had profit of $400,000 in 2021. Total shareholders' equity was $1,400,000 at December 31, 2019; $1,5

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Cordoza Corporation had profit of $400,000 in 2021. Total
shareholders' equity was $1,400,000 at December 31, 2019;
$1,500,000 at December 31, 2020; and $1,600,000 at December 31,
2021.

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Calculate return on equity for 2021 and explain what it means.
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