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AH HELP!
Does anyone know if the formula for return on equity is:
income/ average equity
or
average income/ average equity
?The Becker book says it’s income/ average equity, but I just did a Ninja sim and according to Ninja its average income/ average equity.
Specifically looking at Sim 52 if anyone is studying this stuff as well 🙂Thanks everyone!
AUD - 79
BEC - 83
FAR - 77
REG - 80-Emily
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