Question: Bank ABC has a Return on Equity (ROE) equal to 35%, a debt/equity ratio equal to 50 and an asset utilisation ratio equal to 0.07.
Bank ABC has a Return on Equity (ROE) equal to 35%, a debt/equity ratio equal to 50 and an asset utilisation ratio equal to 0.07. From this we know that the profit margin of bank ABC is: (NOTE: By default, the unit of the answer is %. The answer must be input with two 2 decimal places, i.e. if the answer is 12%, please input 12.00)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
