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6 The T-account below shows the balance sheet of Santander. Assets Reserves $10 million Loans $400 million Securities $200 million Liabilities Deposits Borrowings from $500
6 The T-account below shows the balance sheet of Santander. Assets Reserves $10 million Loans $400 million Securities $200 million Liabilities Deposits Borrowings from $500 million other banks $20 million $50 million Borrowings from the Fed Bank capital $40 million Based on the balance sheet above, if Santander's net profit after tax is $10 million, what is Santander's return on assets (in %)? Round your answer to at least 2 decimal places. 1 points Save
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