Senior managers at the Bank of America headquarters are concerned about the bank's performance over the last year, especially the bank's return on assets (ROA) which was much lower than anticipated. Which of the following would NOT explain a poor ROA performance?
the cost of leased space for bank operations increased by 25 percent in the prior year
high interest expenses and low interest revenues last year were realized by the bank
the bank experienced larger than expected loan losses last year
during the last year, the bank issued 100,000 additional shares of common stock