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You have been asked to analyze First Union Bank. You have only the following information on the bank at year-end 2021: Net income is $280,000,
You have been asked to analyze First Union Bank. You have only the following information on the bank at year-end 2021: Net income is $280,000, total debt is $2.1 million, and the banks debt ratio is 60 percent. What is First Union Banks ROE for 2021? (Do not round intermediate calculations. Round your percentage answer to 2 decimal places. (e.g., 32.16))
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Financial Management Principles And Practice
Authors: Timothy Gallagher
6th Edition
1930789157, 978-1930789159
