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Table 2 list various accounts from a bank's balance sheet ($'s in millions). In year 2 the bank's total net income was $5 million. What
Table 2 list various accounts from a bank's balance sheet ($'s in millions). In year 2 the bank's total net income was $5 million. What was the bank's Return on Assets (ROA) in year 2? Show you answer as a percentage to two decimal places in the following format x.xx%
Use the following information from table 2 to answer questions 3, 4, and 5. Table 2: Balance Sheet Account Year 1 ending balance Year 2 ending balance Stock Issued $50 $50 $80 $891 $21 Cash and Reserves Allowance for Loan Losses Federal Funds Purchased Demand Deposits Treasury Bills Purchased Retained Earnings Bank Bonds issued Commercial Loans made Now Accounts Net Building/Equipment $20 $70 $650 $230 $70 $130 $500 $100 $100 $65 $685 $220 $75 $130 $550 $125 $120Step by Step Solution
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