Question
Anytown Bank has the following ratios: a. Profit margin: 22% b. Asset utilization: 12% c. Equity multiplier: 13X Calculate Anytowns ROA and ROE. (Do not
| Anytown Bank has the following ratios: |
| a. Profit margin: 22% | |
| b. Asset utilization: 12% | |
| c. Equity multiplier: 13X |
| Calculate Anytowns ROA and ROE. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16)) |
| Return on assets | % |
| Return on equity | % |
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Financial Management for Public, Health and Not-for-Profit Organizations
Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell
5th edition
1506326846, 9781506326863, 1506326862, 978-1506326849
