OK State Bank reports total operating revenues of $150 million, with total operating expenses of $130 million, and owes taxes of $5 million. It has total assets of $1.00 billion and total liabilities of $900 million. What is the bank’s ROE?
OK State Bank reports total operating revenues of $150 million, with total operating expenses of $130 million, and owes taxes of $5 million. It has total assets of $1.00 billion and total liabilities of $900 million. What is the bank’s ROE?