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FIN - Return on Assets

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Question;Question: Consider a bank with the following balance sheet. You read in the local newspaper that the bank?s return on assets (ROA) was 1 percent. What were the bank?s after-tax profits?Bank Balance Sheet(in thousands)AssetsLiabilitiesReserves$100Deposits$1,000Loans$500Borrowing$0Securities$500Bank Capital$100

 

Paper#48733 | Written in 18-Jul-2015

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