FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Provide correct answer general Accounting

Suppose that a commercial bank has $100
million of assets and that its capital consists
of $10 million of equity. In addition, the
bank's return on assets is 1%. Calculate the
return on equity (ROE) for this bank.
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Transcribed Image Text:Suppose that a commercial bank has $100 million of assets and that its capital consists of $10 million of equity. In addition, the bank's return on assets is 1%. Calculate the return on equity (ROE) for this bank.
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