A bank has profit margin ratio of 12 percent and asset… – BBS Foundation of Financial Systems 2081 Solved

BBS Foundation of Financial Systems · 2081 · Solved Question with Answer

A bank has profit margin ratio of 12 percent and asset utilization ratio of 0.6 times. What is its return on assets?

Solution

A bank has profit margin ratio of 12 percent and asset utilization ratio of 0.6 times. What is its return on assets?