Given the following financial data for Bank of America (2020): Net Income $17,894 Total Assets $2,832,182 Total Liabilities $2,559,258 The return on equity (ROE) is?       Round answer to three decimal place. Do not use a dollar sign.

Principles of Economics 2e
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ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter17: Financial Markets
Section: Chapter Questions
Problem 38P: Suppose Ford Motor Company issues a five year bond with a face value of 5,000 that pays an annual...
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Given the following financial data for Bank of America (2020):

Net Income $17,894
Total Assets $2,832,182
Total Liabilities $2,559,258

The return on equity (ROE) is?       Round answer to three decimal place. Do not use a dollar sign.

 
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