A Bank Has a Return on Assets of 2 Percent

question 2

Multiple Choice

A bank has a return on assets of 2 percent, $40 million in assets, and $4 million in equity. What is the return on equity?

• A) 10 percent
• B) .2 percent
• C) 2 percent
• D) 20 percent
• E) none of the above

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Definitions:

Hard Work

The substantial effort, diligence, and perseverance applied to tasks or goals to achieve success.

Managerial Roles

The specific categories of activities and responsibilities that a manager is expected to perform within an organization.

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The process of examining data or information to identify patterns, insights, or conclusions.

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Individuals born approximately between the early-to-mid 1960s and early 1980s, known for their adaptability, tech-savviness, and value on work-life balance.