Solved

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

Question 15

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 ROE?


A) 1.6%
B) 10 %
C) 12.8%
D) 16%
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

Q10: _ is the uncertainty associated with public

Q11: The main reason behind the failure of

Q12: What is the equity multiplier for a

Q13: The ratio of non-performing assets to total

Q14: Amy Farmer is planning to invest in

Q16: The ratio of cash and government securities

Q17: According to the textbook,the most profitable U.S.banks

Q18: Following is the information listed below

Q19: A bank's ROA equals its ROE times

Q20: _ is the risk that a financial