Paintbrush Valley State Bank has just submitted its Report of Condition and Report of Income...
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Paintbrush Valley State Bank has just submitted its Report of Condition and Report of Income to its principal supervisory agency. The bank reported net income before taxes and securities transactions of $37 million and taxes of $8 million. If its total operating revenues were $950 million, its total assets $2.7 billion, and its equity capital $250 million, determine the following for Paintbrush Valley:
a. Tax management efficiency ratio.
b. Expense control efficiency ratio.
c. Asset management efficiency ratio.
d. Funds management efficiency ratio.
e. ROE.
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