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Find return on equity given the following for Acne Bank: Cash = $220,000, deposits = $2,740,000, federal funds sold = $60,000, treasury securities = $180,000,

Find return on equity given the following for Acne Bank: Cash = $220,000, deposits = $2,740,000, federal funds sold = $60,000, treasury securities = $180,000, net income = $38,000, loans = $2,120,000, other liabilities = $44,000, premise (fixed asset) = $550,000.

12.24%

10.98%

13.31%

16.81%

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