Question: A bank having the balance sheet shown below has reported a Net Income of $19. Calculate the ROA for this bank. Liabilities and Equity Assets

A bank having the balance sheet shown below has reported a

A bank having the balance sheet shown below has reported a Net Income of $19. Calculate the ROA for this bank. Liabilities and Equity Assets Amount Amount Cash Non-interest deposits 150 Securities 300 NOW checking 150 Loans, net 570 MMDA 300 Fed funds sold CDs 170 Non-earning assets 50 Fed Funds purchased 150 $1,000 Equity 80 $1,000 A. None of the other responses are correct. B.2.18% C.2.07% D. 23.75% O E. 1.90%

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