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X Bank's asset/equity is 10. It has an operating profit before tax of $4,000 and an asset utilization ratio of 12.0% with an operating revenue

X Bank's asset/equity is 10. It has an operating profit before tax of $4,000 and an asset utilization ratio of 12.0% with an operating revenue of $24,000. With a tax rate of 30%, what is its return on equity?

11.2%

14.7%

14.0%

9.3%

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		11.2%
		14.7%
		14.0%
		9.3%