Anytown Bank has the following ratios: a. Profit margin: 35% b. Asset utilization: 11% c. Equity multiplier: 8X Calculate Anytown's ROA and ROE.

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
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Anytown Bank has the following ratios:
a. Profit margin: 35%
b. Asset utilization: 11%
c. Equity multiplier: 8X
Calculate Anytown's ROA and ROE.
Transcribed Image Text:Anytown Bank has the following ratios: a. Profit margin: 35% b. Asset utilization: 11% c. Equity multiplier: 8X Calculate Anytown's ROA and ROE.
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