Consider a bank with the following balance sheet. You read in the local newspaper that the banks return on assets (ROA) was 1.5 percent. What were the banks after-tax profits?

Consider a bank with the following balance sheet. You read in the local newspaper that the bank's return on assets (ROA) was 1.5 percent. What were the bank's after-tax profits? Assets Bank Balance Sheet (in thousands) Liabilities $100 Deposits $500 Borrowing $500 Bank Capital $1,000 Reserves Loans Securities $100 The bank's after-tax profits: $