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  3. x bank's asset/equity is 10. it has an operating p

X Bank's asset/equity is 10. It has an operating profit before tax of $2,000 and...

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Finance

X Bank's asset/equity is 10. It has an operating profit before tax of $2,000 and an asset utilization ratio of 16.0% with an operating revenue of $20,000. With a tax rate of 30%, what is its return on equity?

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