Calculate both banks net profit after taxes and equity, Financial Management

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Calculate both banks net profit after taxes and equity

Nice Horizon Bank has the following measures of bank profitability: EM = 14, ROA = 1.05% and ROE = 14.7%. Gold Coast Bank’s measures are EM = 12.3, ROA = 1.15% and ROE = 14.15%. Calculate both banks’ net profit after taxes and equity capital if both banks’ assets are equal to $120 million.

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Financial Management: Calculate both banks net profit after taxes and equity

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