3. From the most recent balance sheet and income statement, calculate the ROA, ROE, equity multiplier, profit margin, and asset utilization ratios. Which ratio has changed the most since 2010 as reported in Table 12–5 ?

Go to the Bank of America’s Web site at www.bankofamerica.com . Find the most recent Balance Sheet and Income Statement from the Annual Report using the following steps. Click on “About Bank of America.” Under “Shareholders & Investors,” click on “Annual Report.” Click on the most recent date for “20XX Annual Report.” This will download the most recent Annual Report to your computer.
Go to the pages containing the Consolidated Balance Sheet and Consolidated Income Statement.