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 equity multiplier?
A) 14.96 times
B) 1.58 times
C) 1.17 times
D) 134.62 times
E) None of the options is correct
Correct Answer:
Verified
Correct Answer:
Verified
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