FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please show how we got 12.8% for asset uitlization ratio Harrison Bank has the following financial information ROE Net Income Total Assets Total Equity 16%

image text in transcribedplease show how we got 12.8% for asset uitlization ratio

Harrison Bank has the following financial information ROE Net Income Total Assets Total Equity 16% $1000 $62,500 $6250 What is the bank's asset utilization ratio? 1.6% B. 10% C. 12.8% D. 16% None of the options is correct

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

Students also viewed these Finance questions

Question

Baseball attendance. Baseball team owners want to attract fans to games. The New York Mets acquired the pitcher Pedro Martinez in 2005. Martinez is considered one of the best pitchers of his era,...

Answered: 1 week ago

Question

★★★★★
During the last week of March, Sony Stereos owner approaches the bank for a $ 80,000 loan to be made on April 1 and repaid on June 30 with annual interest of 12%, for an interest cost of $ 2,400. The...

Answered: 1 week ago

Question

★★★★★
Data table (Click on the icon here g in order to copy the contents of the data table below into a spreadsheet.) Free cash flow valuation Nabor Induntries is considering going public but is unsure of...

Answered: 1 week ago

Question

★★★★★
Suppose you think AppX stock is going to appreciate substantially in value in the next year. Say the stock's current price, So, is $100, and the call option expiring in one year has an exercise...

Answered: 1 week ago

Question

★★★★★
Joanna is going through the calculations for estimating how much longer it will take her agile team to finish the project. What must she remember to do as she performs the calculations? Select an...

Answered: 1 week ago

Question

★★★★★
Question 5: Determine the resulting spring rate for the given arrangement of disc springs if the spring rate for a single disc is c! (4 points)

Answered: 1 week ago

Question

★★★★★
You are a contracting officer for a groundskeeping services contract with a base year period of performance and three, one - year option periods. The total contract value is $ 8 5 5 , 0 0 0 . The...

Answered: 1 week ago

Question

★★★★★
All of the accounts of the Grass is Greener Company have been adjusted as of December 31, 2022, with the exception of Income taxes Incurred but not yet recorded. Those account balances appear below....

Answered: 1 week ago

Question

★★★★★
1. Describe a discrete event system example in your daily life. What discrete event system in and around your house can be studied using computer simulation? Present an example closely related to...

Answered: 1 week ago

Previous Question Next Question