Using the following table, calculate each bank's CAMELS composite rating, and answer the questions that follow. (Hint: Round the ratings to two decimal places.) Bank Capital Adequacy Asset Quality Management Earnings Liquidity Sensitivity CAMELS Composite Rating Michel Financial Bank 5 2 2 1 3 Lockett Financial Bank 3 3 3 1 1 2 Gurley Financial Bank 5 5 5 5 1 5 Rogers Financial Bank I 5 5 3 Which of the banks has the best CAMELS composite rating? O Gurley Financial Bank Lockett Financial Bank O Michel Financial Bank Rogers Financial Bank Based on Lockett Financial Bank's CAMELS composite rating, what regulatory action should be taken against them? No regulatory action should be taken against the bank. O The bank has serious issues and regulatory action needs to be taken at some point in the future. The bank has extremely serious issues and regulatory action needs to be taken immediately. O The bank will receive extra attention from regulators, but no immediate action will be taken.