Dudley Bank has the following balance sheet and income statement. (LG 12-5)

Balance Sheet (in millions)

Assets Liabilities and Equity Cash and due from banks $ 7,500 Demand deposits $ 15,500.

Balance Sheet (in millions)
Assets Liabilities and Equity Repurchase agreements 13,000 NOW accounts 35,625 Other investment securities 34,050 Retail CDs 57,000 Loans 70,500 Debentures 14,250 Fixed assets 9,250 Total liabilities $122,375 Other assets 3,200 Common stock 5,000 Total assets $137,500 Paid-in capital 4,000 Retained earnings 6,125 Total liabilities and equity $137,500 Income Statement Interest on fees and loans $6,715 Interest on repurchase agreements 143 Interest on other investment securities 1,705 Interest on deposits in banks 60 Total interest income $8,623 Interest on deposits 3,018 Interest on debentures 1,140 Total interest expense $4,158 Net interest income $4,465 Provision for loan losses 200 Noninterest income 950 Noninterest expenses 1,720 Income before taxes $3,495 Taxes 1,220 Net income $2,275 For Dudley Bank, calculate:

a. Return on equity

b. Return on assets

c. Asset utilization

d. Equity multiplier

e. Profit margin

f. Interest expense ratio g. Provision for loan loss ratio h. Noninterest expense ratio i. Tax ratio j. Overhead efficiency.

AppendixLO1