Anytown bank has the following ratiosa profit margin 22b, Ask an Expert

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Anytown Bank has the following ratios:

a. Profit margin: 22%

b. Asset utilization: 12%

c. Equity multiplier: 13X

Calculate Anytown’s ROA and ROE. (Do not round intermediate calculations. Round your answers to 2 decimal places. (e.g., 32.16))

Return on assets %

Return on equity %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92725269

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