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?

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 Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter3: Analysis Of Financial Statements

Section: Chapter Questions

Problem 8P: Assume you are given the following relationships for the Haslam Corporation: Calculate Haslam’s...

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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?

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