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Anytown Bank has the following ratios: a. Profit margin: 35% b. Asset utilization: 11% c. Equity multiplier: 8X Calculate Anytowns ROA and ROE. (Do not
Anytown Bank has the following ratios:
a. Profit margin: 35% | |
b. Asset utilization: 11% | |
c. Equity multiplier: 8X |
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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