CIBC's return on assets was 0.8% in 2015. During the same year, CIBC reported a return on

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CIBC's return on assets was 0.8% in 2015. During the same year, CIBC reported a return on common shareholders' equity of 18.7%. Has CIBC made effective use of leverage? Explain.

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Financial Accounting Tools for Business Decision Making

ISBN: 978-1119368458

7th Canadian edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine

Question Posted: Jun 15, 2017 09:33 AM

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CIBC's return on assets was 0.8% in 2015. During the same year, CIBC reported a return on

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Financial Accounting Tools for Business Decision Making

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