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You have been given the below financial information about Milwaukee Bank and Trust. 1. calculate the ROA assuming a 30% tax rate. Express your answer
You have been given the below financial information about Milwaukee Bank and Trust.
- 1. calculate the ROA assuming a 30% tax rate. Express your answer as a percentage to the second digit without the percentage sign.
- 2. calculate the ROE assuming a 30% tax rate.
- 3. calculate the NIM.
- 4. calculate the Efficiency Ratio.
- 5. calculate the Fee Ratio.
- 6. calculate the Equity Ratio.
Balance Sheet Category Total Assets Interest-Earning Assets Total Equity Balance Sheet Value ($ millions) $250 $200 $25 Income Statement Category Interest Income Interest Expense Income Statement Value ($millions) $15 $8 Loan Loss Provision $1 Non-interest Income $3 Non-Interest Expense $5 Balance Sheet Category Total Assets Interest-Earning Assets Total Equity Balance Sheet Value ($ millions) $250 $200 $25 Income Statement Category Interest Income Interest Expense Income Statement Value ($millions) $15 $8 Loan Loss Provision $1 Non-interest Income $3 Non-Interest Expense $5
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