Question: THE ANSWER IS 12.8 PLEASE PLEASE EXPLAIN IT TO ME STEP BY STEP! Harrison Bank has the following financial information: ROE 16% Net Income $1000

THE ANSWER IS 12.8 PLEASE PLEASE EXPLAIN IT TO ME STEP

THE ANSWER IS 12.8 PLEASE PLEASE EXPLAIN IT TO ME STEP BY STEP!

Harrison Bank has the following financial information: ROE 16% Net Income $1000 Total Assets $62,500 Total Equity $6250 What is the bank's asset utilization ratio? A. 1.6% B. 10% C. 12.8% D. 16% E. None of the options is correct

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