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Question 7 The T-account below shows the balance sheet of Santander. Assets Liabilities Reserves $10 million Deposits $500 million Loans $400 million Borrowings from Securities
Question 7 The T-account below shows the balance sheet of Santander. Assets Liabilities Reserves $10 million Deposits $500 million Loans $400 million Borrowings from Securities $200 million other banks $20 million Borrowings from the Fed $50 million Bank capital $40 million Hased on the balance sheet above, if Santander's nat profi after tax is $10 million, what is Santander's return on equity (in ")7 Round your answer to at least 2 decimal places
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