Wells Fargo & Company, a leading financial institution, reported its financial data for the fiscal year 2023.

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Wells Fargo & Company, a leading financial institution, reported its financial data for the fiscal

year 2023. The company's total assets amounted to $1.5 trillion, with total liabilities of $1 trillion.

Its net income for the year stood at $50 billion, and the shareholders' equity was $500 billion.

a) Determine the company's leverage ratio.

b) Calculate the company's debt ratio.

c) Find out the net profit margin of the company.

d) Calculate the return on equity (ROE) percentage.

Posted Date: Jun 11, 2024 12:32 AM

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Wells Fargo & Company, a leading financial institution, reported its financial data for the fiscal year 2023.

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