The TRC Bank Has a Net Profit Margin of 7

question 49

Multiple Choice

The TRC Bank has a net profit margin of 7.5%,an asset utilization ratio of 18%,and an equity multiplier of 20.What is the bank's ROA?

• A)27.00 percent
• B)1.35 percent
• C)7.50 percent
• D)1.50 percent
• E)3.6 percent

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Definitions:

Straight Rebuy

Refers to when the buyer or buying organization simply buys additional units of products that have previously been purchased.

Wholesaler

A business entity that purchases goods in large quantities from manufacturers or importers and sells them in smaller quantities to retailers or other businesses.

Fresh Farms

Typically refers to agricultural operations focused on producing and providing fresh, locally-sourced produce directly to consumers.

Griffin Grocery

A hypothetical or specific name that could refer to a grocery store or supermarket, not widely recognized as a well-known brand or chain unless contextually defined.