The TRC Bank Has a Net Profit Margin of 7

question 31

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 ROE?

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