You are provided with the following information: a bank has a net income after taxes of $3.5 million; it has assets of $150 million; and bank capital of $12.5 million. What is the bank's return on assets; its return on equity, and its debt-to-equity ratio?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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3. You are provided with the following
information: a bank has a net income after
taxes of $3.5 million; it has assets of $150
million; and bank capital of $12.5 million.
What is the bank's return on assets; its return
on equity, and its debt-to-equity ratio?
Transcribed Image Text:3. You are provided with the following information: a bank has a net income after taxes of $3.5 million; it has assets of $150 million; and bank capital of $12.5 million. What is the bank's return on assets; its return on equity, and its debt-to-equity ratio?
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