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(TCO C) Oceanside bank converts a dollar of equity into 10 cents of net income and has $9.50 in assets per dollar of equity capital. Oceanside also has a profit margin of 15%. What is Oceanside’s AU ratio?
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(TCO C) Oceanside bank converts a dollar of equity into 10 cents of net income and has $9.50 in assets per dollar of equity capital. Oceanside also has a profit margin of 15%. What is Oceanside’s AU ratio? Group of answer choices 1.05% 3.55% 5.56% 6.45% 7.02%

User Beardofprey
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3 votes

Answer:

7.02%

Step-by-step explanation:

(0.10/9.5)/0.15 = 7.02%

User Jkfe
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