question archive In the MD&A section of its 2001 Annual Report, Northern National Bank reports "economic profit
In the MD&A section of its 2001 Annual Report, Northern National Bank reports "economic profit
Subject:BusinessPrice: Bought3
In the MD&A section of its 2001 Annual Report, Northern National Bank reports "economic profit." This consists of cash operating earnings less a capital charge of 12.5%, which is the bank's cost of common equity capital. The amounts for the last two years are as follows:
