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As the Treasurer of NKU bank, you have been given the following information in $ thousands. Assume the year base is on a 365 day
As the Treasurer of NKU bank, you have been given the following information in $ thousands. Assume the year base is on a 365 day actual basis and it is the results are for the quarter ending 2Q 2021 (91 days). Calculate the Return on Assets. Round up to the nearest whole decimal. Total Average Assets = $8,830,176 Total Average Earning Assets = $8,087,848 Total Average Shareholders (Owners) Equity = $929,474 Interest Income = $90,354 Interest Expense = $14,542 Non-Interest Income = $16,938 Non-Interest Expense = $52,288 Provision for Loan Losses = $2,303 Net Income After Taxes = $30,506 Average Shares Outstanding = 62,180,744 (Actual) O 1.28% O 1.29% O 1.31% O 1.333% O 1.40%
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