If a bank earns $169 million net profit after tax and has $17 billion invested in assets,
Question:
If a bank earns $169 million net profit after tax and has $17 billion invested in assets, what is its return on assets?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
ROA Net profi...View the full answer
Answered By
Jeff Omollo
As an educator I have had the opportunity to work with students of all ages and backgrounds. Throughout my career, I have developed a teaching style that encourages student engagement and promotes active learning. My education and tutoring skills has enabled me to empower students to become lifelong learners.
5.00+
5+ Reviews
49+ Question Solved
Related Book For
Question Posted:
Students also viewed these Financial Accounting questions
-
If a bank earns $75 million net profits after tax and has $7.5 billion invested in assets and $600 million equity investment, what is its return on equity?
-
The following information is available for X Ltd for the year ended 31 May 20X1: Net profit after tax and minority interest ... 18,160,000 Ordinary shares of 1 (fully paid) ..... 40,000,000 Average...
-
Three years ago, your company (a carpet manufacturer) modernized its Georgia plant in anticipation of increasing demand for carpets. Because of the depressed housing market, the increase in demand...
-
Need help with the incorrectanswer. I have tried 6,750, 81,000, and 0, but all areincorrect. Exercise 4-23 (Algorithmic) (LO. 4) Casper and Cecile divorced in 2018. As part of the divorce settlement,...
-
A single conservative force F(x) acts on a 1.0 kg particle that moves along an x axis. The potential energy U(x) associated with F(x) is given by where x is in meters. At x = 5.0 m the particle has a...
-
Carri and Dane, ages 34 and 32, respectively, have been married for 11 years, and both are active participants in employer qualified retirement plans. Their total AGI in 2021 is $201,000, and they...
-
How have minority ethnic groups been integrated into nation states?
-
Cost-volume-profit and regression analysis Goldstein Corporation manufactures a childrens bicycle, model CT8. Goldstein currently manufactures the bicycle frame. During 2012, Goldstein made 32,000...
-
Let f(x) be a function on which a transformation occurs. Let g(x) be a transformation of f. For each problem, name the transformation(s) that would map f(x) onto g(x). a) f(x)=8* and g(x) = 2* b)...
-
The financial statements at the end of Atlas Realty's first month of operations follow: Instructions By analyzing the interrelationships among the four financial statements, determine the proper...
-
Suppose a bank earns $201 million in interest revenue but pays $156 million in interest expense. It also has $800 million in earning assets. What is its net interest margin?
-
Use the balance sheet for San Diego Bank in Exhibit A (given below) and the industry norms in Exhibit B (given below) to answer the following questions: a. Estimate the gap and determine how San...
-
You bought one of Rocky Mountain Manufacturing Co.s 5.7 percent coupon bonds one year ago for $1,032.15. These bonds make annual payments and mature nine years from now. Suppose you decide to sell...
-
A visitor to a medieval castle measures the depth of a well by dropping a stone and timing its fall. She finds the time to fall is t = 10.0 1.0 sec and calculates the depth as d = gt2. What is her...
-
Rajib flies a small plane a distance of 2000 miles. Because he is flying into a headwind, the trip takes 10 hours. On the way back, the wind is still blowing in the same direction with the same wind...
-
When a chunk of wood burns, much more than just smoke is produced. In addition, nanotubes made of pure carbon are formed that have a structure resembling a roll of chicken wire. These nanotubes are...
-
A swimmer competes in a 100 m race. He completes the length of the 50.0 m swimming pool in 39.5 s, and makes the return lap in 42.0 s. (Assume that the swimmer moves in a straight line through his...
-
A drone has a speedometer and a compass as part of its instrumentation. The speedometer tells you the speed of the drone and the compass tells you the direction the drone moves. While the drone is...
-
Suppose we convert a linear program (A, b, c) in standard form to slack form. Show that the basic solution is feasible if and only if b i 0 for i = 1, 2, . . . ,m.
-
During 2012, Cheng Book Store paid $483,000 for land and built a store in Georgetown. Prior to construction, the city of Georgetown charged Cheng $1,300 for a building permit, which Cheng paid. Cheng...
-
Assume that you wanted to expand your Learning English business to other non-U.S. countries where some individuals may want to speak English. a. Explain why you might be able to stabilize the profits...
-
a. Review the different items that are used in the multinational capital budgeting example (Spartan Inc.). Describe the items that would be included on a spreadsheet if you were to conduct a...
-
You have an opportunity to purchase a private competitor called Fernand in Mexico. You will use only your funds if you decide to purchase the company. a. When you attempt to determine the value of...
-
A 0.012-kg bullet, traveling at 850 m/s, hits a 2-kg block of wood that is initially at rest, and goes straight through it. Assume that the final velocity of the bullet relative to the block is 400...
-
Assume that Iowa Co. will receive 1,200,000 Mexican pesos in 180 days. The Mexican interest rate is 3% over 180 days and the US rate is 2% over the same period. The spot rate for the Mexican peso is...
-
After watching the video from "The Big Bang Theory, describe what was occurring in the scene. What types of listening were demonstrated. How could this conversation be improved so that both parties...
Study smarter with the SolutionInn App