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The Following Financial Information Pertains to Harrison Bank -What Is the Bank's ROA?
A)1

Question 8

Multiple Choice

The following financial information pertains to Harrison Bank.
 Net Profit Margin 12.5% Net Income $1000 Total Assets $62,500 Total Equity $6250\begin{array} { c r } \text { Net Profit Margin } & 12.5 \% \\\text { Net Income } & \$ 1000 \\\text { Total Assets } & \$ 62,500 \\\text { Total Equity } & \$ 6250\end{array}
-What is the bank's ROA?


A) 1.6%
B) 10%
C) 12.8%
D) 16%
E) None of the options is correct

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