Consider a bank with assets of $240 billion and capital of $36 billion. If the bank earns a profit of 24, what is their return on assets? (Giver your answer as a percentage, rounded to two decimal places; e.g., 10.89 for 10.89%)

Consider a bank with assets of $240 billion and capital of $36 billion. If the bank earns a profit of 24, what is their return on assets? (Giver your answer as a percentage, rounded to two decimal places; e.g., 10.89 for 10.89%)

Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter13: Money And The Banking System

Section: Chapter Questions

Problem 1CQ

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Consider a bank with assets of $240 billion and capital of
$36 billion. If the bank earns a profit of 24, what is their
return on assets? (Giver your answer as a percentage,
rounded to two decimal places; e.g., 10.89 for 10.89%)

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