Question: Compute the return on equity (ROE) for Company E, which has a net income of $300,000 and total equity of $1,500,000. Discuss the significance of

Compute the return on equity (ROE) for Company E, which has a net income of $300,000 and total equity of $1,500,000. Discuss the significance of ROE as a key performance indicator for evaluating a company's profitability and efficiency in generating returns for its shareholders, considering its implications for investment analysis and strategic decision-making.

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