Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a bank has ROE of 35%, an asset utilization ratio of 26%, and a net profit margin of 18%. Calculate the bank's ROA? 35.62

If a bank has ROE of 35%, an asset utilization ratio of 26%, and a net profit margin of 18%.

Calculate the bank's ROA?

35.62 percent

7.96 percent

4.68 percent

1.58 percent

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Multinational Finance

Authors: Michael H. Moffett, Arthur I. Stonehill, David K. Eiteman

1st Edition

0201844842, 978-0201844849

More Books

Students also viewed these Finance questions