Multiple Choice
The Smith-James Bank has an ROE of 17.5%,an asset utilization ratio of 13%,and a net profit margin of 9%.What is the bank's ROA?
A) 14.96 percent
B) 1.58 percent
C) 1.17 percent
D) 134.62 percent
E) None of the options is correct
Correct Answer:
Verified
Correct Answer:
Verified
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