Suppose a bank earned $173 million in interest on its assets of $2,153 million, it paid out $81 million in interest on its liabilities (excluding capital) of $2,007 million, and it paid its workers $71 million in total compensation. The bank's return on equity is approximately
A. 12 percent.
B. 14 percent.
C. 16 percent.
D. 18 percent.
Answer: B
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Chen's Department Store is a merchandising company that uses the periodic inventory system. Selected account balances are listed below: Sales $175,000 Purchases 90,000 Inventory (beginning) 23,000 Inventory (ending) 17,000 Purchase returns and allowances 3,000 Purchase discounts 7,000 Transportation-in 4,000 Sales discounts 8,000 Sales returns and allowances 5,000 Refer to the account information
for Chen's Department Store. Calculate Chen's net sales. a. $162,000 b. $167,000 c. $170,000 d. $175,000
The linear equation for revenue is price multiplied by fixed cost
Indicate whether the statement is true or false
You own an annuity due contract that will pay you $3,000 per year for 12 years
You need money to pay back a loan in 5 years, and you are afraid if you get the annuity payments annually you will spend the money and not be able to pay back your loan. You decide to sell your annuity for a lump sum of cash to be paid to you five years from today. If the interest rate is 8%, what is the equivalent value of your 12-year annuity if paid in one lump sum five years from today? A) $22,008 B) $18,000 C) $38,880 D) $35,876
________ refers to the company's decisions regarding where to find employees, how to select them, and the desired mix of employee skills and statuses.
A. Staffing strategy B. External growth strategy C. Disinvestment strategy D. Concentration strategy