According to an article in the Wall Street Journal, in 2016 J.P. Morgan Chase's leverage ratio...
According to an article in the Wall Street Journal, in 2016 J.P. Morgan Chase's leverage ratio was 6.2%. The bank's return on equity was 9%. Calculate the bank's ROA. Source: Stephen Grocer, open double quoteCitigroup, Wells Fargo Report Earnings dash Recap,close double quote Wall Street Journal, July 15, 2016.
Homework Answers
Return on Asset = Operating Profit/Average Assets
Return on Equity = Operating Profit/Equity
Leverage Ratio = Debt/Total Assets
Equity Ratio = 1- leverage ratio = 93.8%
Hence, Return on Assets = Return on Equity*Equity/Assets
= 9%*93.8%
= 8.442%
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According to an article in the Wall Street Journal, in 2016 J.P. Morgan Chase's leverage ratio...
According to an article in the Wall Street Journal, in 2016 J.P. Morgan Chase's leverage ratio...
According to an article in the Wall Street Journal, in 2016 J.P. Morgan Chase's leverage ratio was 6.2%. The bank's return on equity was 9%. Calculate the bank's ROA. Source: Stephen Grocer, open double quoteCitigroup, Wells Fargo Report Earnings dash Recap,close double quote Wall Street Journal, July 15, 2016.
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