Calculate anytowns roa and roe do not round intermediate, Financial Management

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Calculate anytowns roa and roe do not round intermediate

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: Calculate anytowns roa and roe do not round intermediate

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Financial Management: Calculate anytowns roa and roe do not round intermediate

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