Harrison Bank Has the Following Financial Information What Is the Bank's Asset Utilization Ratio?
A)1

question 71

Multiple Choice

Harrison Bank has the following financial information: $\begin{array}{lr}\text { ROE } & 16 \% \\\text { Net Income } & \$ 1000 \\\text { Total Assets } & \$ 62,500 \\\text { Total Equity } & \$ 6250\end{array}$
What is the bank's asset utilization ratio?

• A)1.6%
• B)10%
• C)12.8%
• D)16%
• E)None of the options is correct

---

Definitions:

Years

Units of time consisting of 365 days (or 366 in a leap year), used as a measure of duration or to denote a specific period.

Copyrightable

Capable of being protected by copyright law; describes original works that meet criteria for copyright protection.

Known Facts

Information or data that are confirmed to be true through evidence or acknowledgment.

Mathematical Calculations

The process of using mathematical methods and algorithms to compute numerical data and solve mathematical problems.