Answered step by step
Verified Expert Solution
Question
1 Approved Answer
A bank has interest income to total assets ratio of 5.25 percent and has noninterest income of $45 million and total assets of $700 million.
A bank has interest income to total assets ratio of 5.25 percent and has noninterest income of $45 million and total assets of $700 million. What is the bank's asset utilization ratio?
Select one:
6.49 percent
11.88 percent
5.75 percent
11.68 percent
13.68 percent
NOT EONUGH DATA TO ANSWER
9.67 percent
15.02 percent
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started