What is the bank's return on assets (ROA)? Write your answer as a percent rate.

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter7: Types And Costs Of Financial Capital
Section: Chapter Questions
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A bank has a net income after taxes of $4 million, assets
of $200 million, and bank capital of $10 million.
What is the bank's return on assets (ROA)? Write your
answer as a percent rate.
Transcribed Image Text:A bank has a net income after taxes of $4 million, assets of $200 million, and bank capital of $10 million. What is the bank's return on assets (ROA)? Write your answer as a percent rate.
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