Ina recent year, a bank earned $37 million in interest on its assets of $462 million, it

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Ina recent year, a bank earned $37 million in interest on its assets of $462 million, it paid out $23 million in interest on its liabilities (excluding capital) of $416 million, and it paid its workers $8 million in total compensation. Calculate the bank's spread and its return on equity.
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Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118983270

7th edition

Authors: Michael Granof, Saleha Khumawala, Thad Calabrese, Daniel Smith

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