The Following Financial Information Pertains to Harrison Bank -What Is the Bank's ROE?
A)1

question 15

Multiple Choice

The following financial information pertains to Harrison Bank.
$\begin{array} { c r } \text { Net Profit Margin } & 12.5 \% \\\text { Net Income } & \$ 1000 \\\text { Total Assets } & \$ 62,500 \\\text { Total Equity } & \$ 6250\end{array}$
-What is the bank's ROE?

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

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