Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 09, 2024

My tutor has given us these practice questions to help prepare us for our half yearly exam, I don't understand how to calculate this Austral

My tutor has given us these practice questions to help prepare us for our half yearly exam, I don't understand how to calculate this

Austral Bank limited has the following ratios:

A. Profit margin = 21

B. Asset utilisation = 11

C. Equity multiplier = 12 times

Required:

Calculate Austral Bank Limited return on equity and return on assets. Briefly explain these measures and show all mathematical working.

Also I don't know how to simplify this question anymore then it is? you will need all these numbers to calculate the ROE?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 3

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

Financial Management for Public, Health and Not-for-Profit Organizations

Authors: Steven A. Finkler, Daniel L. Smith, Thad D. Calabrese, Robert M. Purtell

5th edition

1506326846, 9781506326863, 1506326862, 978-1506326849

More Books

Students also viewed these Finance questions

Question

★★★★★

A charge of 3.5 ( 10-11 C is to be stored on each plate of a parallel-plate capacitor having an area of 160 mm2 (0.25 in.2) and a plate separation of 3.5 mm (0.14 in.). (a) What voltage is required...

Answered: 1 week ago

Question

★★★★★

You have noticed that bond prices have been rising over the past few months. All else equal, what does this suggest has been happening to interest rates? Explain.

Answered: 1 week ago

Question

★★★★★

What is self-disclosure, and why is it important? Critical T hinking

Answered: 1 week ago

Question

★★★★★

Coastal Computer operates two retail outlets in Oakview, one on Main Street and the other in Lakeland Mall. The stores share the use of a central accounting department. The cost of the accounting...

Answered: 1 week ago

Question

★★★★★

Due to a recession, expected inflation this year is only 2.75%. However, the inflation rate in Year 2 and thereafter is expected to be constant at some level above 2.75%. Assume that the expectations...

Answered: 1 week ago

Question

★★★★★

The December 3 1 , 2 0 X 8 , balance sheets for Pint Corporation and its 8 0 percent - owned subsidiary Saloon Company contained the following summarized amounts: Pint acquired the shares of Saloon...

Answered: 1 week ago

Question

★★★★★

The Joshi Farm (JFF), a saltwater aquarium company, is planning to expand its operations. It anticipates that an expansion will be undertaken in 6 years. In anticipation of the expansion, JFF invests...

Answered: 1 week ago

Question

★★★★★

(1 point) The graph of the function f(x) is -4 1,0 (the horizontal axis is x.) Consider the differential equation x' = f(x). List the constant (or equilibrium) solutions to this differential equation...

Answered: 1 week ago

Question

★★★★★

The properties of unidirectional fiber reinforced polymer composite laminate are given as: Elasticity modulus E (GPa) Shear modulus G(GPa) Fiber (E1f)=252 (E2f)=30 25 0.32 Matrix 3,8 2 0.28 Poisson's...

Answered: 1 week ago

Question

★★★★★

Graph the function. y= se2x To draw the graph, plot three consecutive asymptotes and two points, one on each side of the second asymptote. Then click on the graph icon.

Answered: 1 week ago

Question

★★★★★

Which circuit below is a direct implementation of the propositional logic statement ~ (p V qV ~ (r^ ~ ))^\\ ~ r? Version 1 P 13 P output 9 Version 2 output R

Answered: 1 week ago

Question

★★★★★

How does something about Sex and Gender or Sexual Orientation and Gender Identity connect to an experience you have had in your life?

Answered: 1 week ago

Question

★★★★★

Do you think corporate social responsibility is important? Why or why not? 64

Answered: 1 week ago

Question

★★★★★

If a safe and effective drug could be developed, the prospect of Mercks recouping its investment was almost zero. Could Merck justify such an investment to shareholders and the financial community?...

Answered: 1 week ago

Question

★★★★★

Think about the television programs and films youve seen recently in which business social responsibility (or lack thereof) was portrayed in some way. How were business and businesspeople portrayed?...

Answered: 1 week ago

Previous Question Next Question