Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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The following information for Rainbow National Bank are given:
Report of Income Tk.
Interest income 1,250
Interest expense 500
Total assets 40,000
Securities losses or gains 1,000
Earning assets 30,000
Total liabilities 30,000
Taxes paid 1,000
Shares of common stock outstanding 3,000
Noninterest income 8,000
Noninterest expense 6,000
Provision for loan losses 2,500
Calculate:
ROE,
operating margin.
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