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Question
The expense ratio is calculated as:a. total revenue — total operating expenses.
b. total revenue — total operating expenses — taxes.
c. interest expense ratio — non-interest expense ratio — provision for loan loss ratio.
d. asset utilization — expense ratio — tax ratio.
e. interest expense ratio + non-interest expense ratio + provision for loan loss ratio.
Answer
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Related questions
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Q:
A London based firm has a subsidiary located in New York. The subsidiary has $1,000 in assets, $750 in liabilities and $250 in equity. The current spot rate is $1.60/£.If the spot rate changes to $1.50/£, what will be the firm's gain or loss?a. $10.42 gainb. £10.42 gainc. $10.42 lossd. £10.42 losse. cannot be determined