Problemin a recent year a bank earned 37 million in, Ask an Expert

Accounting

Problem:

In a recent year, a bank earned $37 million in interest on its assets of $462 million, it paid out $23 million in interest on its liabilities (excluding capital ) of 416 million, and it paid its workers $8 million in total compensation,

Required:

Question: Calculate the bank's spread and its return on equity.

Note: Explain all steps comprehensively.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91170733

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