Harrison Bank Has the Following Financial Information What Is the Bank's Asset Utilization Ratio?
A)1

Multiple Choice

Harrison Bank has the following financial information: $\begin{array}{lr}\text { ROE } & 16 \% \\\text { Net Income } & \$ 1000 \\\text { Total Assets } & \$ 62,500 \\\text { Total Equity } & \$ 6250\end{array}$
What is the bank's asset utilization ratio?

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