Answered step by step
Verified Expert Solution
Question
00
1 Approved Answer
ASAP please TASK (B) RETURN ON ASSET (16 POINTS) The following information is given: Securities Commercial Loans Real Estate Loans Consumer Loans Interest-bearing Deposits Non-interest-bearing
ASAP please TASK (B) RETURN ON ASSET (16 POINTS) The following information is given: Securities Commercial Loans Real Estate Loans Consumer Loans Interest-bearing Deposits Non-interest-bearing Deposits Long-term Bonds Provision for Loan Losses Extraordinary Item Interest Rate Asset Interest Rate Liability Total Equity Capital Total Asset $980.000 $506.000 $1.940.000 $374.000 $567.000 $550.000 $878.000 $150.000 $75.000 9.00% 1.50% $3.312.000 $6.456.000 Instruction: show the formulas used your calculations and round to 2 decimal places) (a) Calculate the Net Income (b) Calculate the Retum on Equity (ROE) and interpret your result in complete sentences. (c) Calculate the Return on Asset (ROA) and interpret your result in complete sentences
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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