Question
You are aware that National Bank's ROA is 3%. Its ROE is 8%. What is National Bank's Equity Capital to Total Assets ratio? Keep in
You are aware that National Bank's ROA is 3%. Its ROE is 8%. What is National Bank's Equity Capital to Total Assets ratio?
Keep in mind,
ROA = Net Income / Total Assets
ROE = Net Income / Equity
Type your answer as percentage and not as decimal (i.e. 5.2 and not 0.052). Round to the nearest two decimals if needed. Do not type the % symbol.
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
4th Edition
0077262379, 978-0077262372
