Question: The so - called tax - management efficiency ratio consists of: Total tax liabilities over net income Tax - exempt assets over taxable assets Net

The so-called tax-management efficiency ratio consists of:
Total tax liabilities over net income
Tax-exempt assets over taxable assets
Net income over pre-tax net operating income
Taxes owed over total liabilities of a bank
None of the above.
 The so-called tax-management efficiency ratio consists of: Total tax liabilities over

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