Following Is the Information Listed Below for Carter State Bank

question 105

Multiple Choice

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

• 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:

Conform

To align one's attitudes, beliefs, or behaviors with group norms or standards.

Norms

Established standards or rules of behavior that are expected to be followed within a group or society.

Task Activities

Specific actions or operations that are undertaken by individuals or teams in order to complete a task or achieve an objective.

Maintenance Activities

Actions undertaken to keep machinery, equipment, or systems operating smoothly and prevent breakdowns.