Richman Savings Association has forecast the following perfo…
Richman Savings Association has forecast the following performance ratios for the year ahead. Bank information Profit margin of net income over operating revenue 16.00% Asset utilization (operating revenue + assets) 8.25% Equity multiplier 10x Net earnings retention ratio 60.00% How fast can Richman allow its assets to grow without reducing its ratio of equity capital to total assets, assuming its performance holds steady over the period?