Following Is the Information for Carter State Bank A)846 Percent
B)16

question 53

Multiple Choice

Following is the information for Carter State Bank.What is the bank's ROE? $\begin{array} { l l } \text { Net income } & \$ 55 \text { million } \\\text { Total operating revenue } & \$ 650 \text { million } \\\text { Total assets } & \$ 4,055 \text { million } \\\text { Total equity capital } & \$ 350 \text { million }\end{array}$

• A)8.46 percent
• B)16.03 percent
• C)15.71 percent
• D)1.36 percent
• E)None of the options is correct

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Definitions:

Direct Expenses

Costs that can be directly traced to a specific cost object, such as a product, department, or project.

Joint Benefit

The advantages or profits derived from a venture, project, or activity that are shared by all participating parties.

Department

A specialized functional area within an organization, focused on a specific area of activity or responsibility.

Selling Department

A division within a company responsible for managing sales activities and strategies to sell products or services.