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Find and calculate the return on equity

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Reference no: EM132771131

Suppose a bank earns during the whole year of 2019 the following.

Income Before Taxes = 1.05%

Income Tax Rate = 21%

Leverage Ratio = 19

Problem 1: Calculate its Return on Equity

Group of answer choices

Option 1: 13.62%

Option 2: 13.74%

Option 3: 14.86%

Option 4: 15.76%

Option 5: 15.86%

Reference no: EM132771131

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