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

---

Definitions:

Dividends

Payments made to shareholders out of a corporation's earnings, typically distributed regularly (e.g., quarterly).

Four-figure Accuracy

A level of precision in numerical information or calculations that is rounded to or expressed in thousands.

Algebraic Expression

A statement of the mathematical operations to be carried out on a combination of numbers and variables.

Monomial

An expression containing only one term.