Solved

A Bank Has a Profit Margin of 5 Percent,an Asset

Question 67

Multiple Choice

A bank has a profit margin of 5 percent,an asset utilization ratio of 11 percent,an equity multiplier of 12,and a retention ratio of 60 percent.What is this bank's ICGR?


A) 6.60 percent
B) 3.96 percent
C) 7.20 percent
D) 0.33 percent
E) None of the options is correct.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions