In referring to the relevant figures in the Annual report provided, calculate the Return on...
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Accounting
In referring to the relevant figures in the Annual report provided, calculate the Return on Equity (ROE) for this company in 2021. Then, decompose the ROE to calculate the Return on Assets (ROA) and Equity Multiplier (EM) for 2021. Display your working.
The companies 2020 figures for ROE, ROA and EM are reported as -86.52%, -9.68% and 8.9341
Comment on your observation of the change in ROE between 2020 and 2021 in relation to the change in ROA and EM.
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