a 13. You were recently hired by an investment company and you have to investigate...
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a 13. You were recently hired by an investment company and you have to investigate the performance of two competing banks: Bank RupAway, and LoanShark Bank Based on the information below, compute the Banks' Return on Average Assets (ROAA) and Return on Average Equity in 2020. (5 points) Runaway Bank LoanShark Bank 2020 2019 2020 2019 Net Income ($) 2,750,000 2,250,000 250,000 200,000 Total Asset 48,000,000 47,000,000 2,000,000 1,800,000 Total Equity 12,500,000 12,000,000 1,000,000 1,000,000 b. Based on the information obtained in your answer A Which bank do you think that managed better its assets in 2020? (2 points)
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