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Consider a bank with the following balance sheet. You read in the local newspaper that the bank's return on assets (ROA) was 0.5 percent. What

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Consider a bank with the following balance sheet. You read in the local newspaper that the bank's return on assets (ROA) was 0.5 percent. What were the bank's aftertax profits? Bank Balance sheet (in thousands) Liabilities Reserves $300 Deposits $3,000 $2 . ooo Borrowing $0 $1,700 Bank Capital $1.000 The bank's after-tax profits: $ :|

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