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?
A) 1.05%
B) 3.55%
C) 5.56%
D) 6.45%
E) 7.02% (0.10/9.5) /0.15 = 7.02%
Correct Answer:
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