Question 1

Question 2

NJ County Bank reports total operating revenues of $170 million, with total operating expenses of $135 million, and owes taxes of $5.5 million. It has total assets of $1.10 billion and total liabilities of $920 million. What is the bank's ROE? Batome Group holds total assets of $20 billion and equity capital of $2.5 billion and has just posted an ROA of 0.9 percent. What is the financial firm's ROE