Question
According to an article in the Wall Street Journal , in 2016 J.P. MorganChase's leverage ratio was 6.2 6.2 %. Thebank's return on equity was
According to an article in the Wall Street Journal, in 2016 J.P. MorganChase's leverage ratio was 6.2
6.2%. Thebank's return on equity was 9
9%. Calculate thebank's ROA.
Source: StephenGrocer, open double quote
"Citigroup, Wells Fargo Report Earnings dash
- Recap,close double quote
" Wall Street Journal, July15, 2016.
The banks ROA was
nothing
%. (Enter your response rounded to three decimalplaces.)
Please show work
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Financial Management For Public Health And Not For Profit Organizations
Authors: Steven A. Finkler
2nd Edition
0131471988, 978-0131471986
