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Compute the return on assets (ROA) and return on equity (ROE) for Bank of America Corporation using the given financial data: Total Assets: $2,500,000,000 Total

Compute the return on assets (ROA) and return on equity (ROE) for Bank of America Corporation using the given financial data:

  • Total Assets: $2,500,000,000
  • Total Liabilities: $1,500,000,000
  • Net Income: $300,000,000
  • Total Equity: $1,000,000,000

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