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. 2. Develop an FI's statement of financial performance based on the following data and determine the FI's net revenue: I I Salaries, wages and
. 2. Develop an FI's statement of financial performance based on the following data and determine the FI's net revenue: I I Salaries, wages and benefits Interest from business loans Fees and charges Interest on savings and time deposits Equipment and occupancy expense Other non-interest revenue Interest on consumer loans Interest on CDs Provision for doubtful debts Miscellaneous expense Interest on borrowed funds Interest from trading securities $2,340,683 5,448,274 660,3394 3,679,8804 776,4254 221,568 4,056,296 504,390 790,392 923 786- 1,332,585 1.940,395 The FI pays a 30% tax rate. Hint: Evaluate performance based on - Interest Revenue, Interest Expense. Non Interest Revenue, Non Interest Expense, Operating profit before income tax, Operating profit after income tax . 2. Develop an FI's statement of financial performance based on the following data and determine the FI's net revenue: I I Salaries, wages and benefits Interest from business loans Fees and charges Interest on savings and time deposits Equipment and occupancy expense Other non-interest revenue Interest on consumer loans Interest on CDs Provision for doubtful debts Miscellaneous expense Interest on borrowed funds Interest from trading securities $2,340,683 5,448,274 660,3394 3,679,8804 776,4254 221,568 4,056,296 504,390 790,392 923 786- 1,332,585 1.940,395 The FI pays a 30% tax rate. Hint: Evaluate performance based on - Interest Revenue, Interest Expense. Non Interest Revenue, Non Interest Expense, Operating profit before income tax, Operating profit after income tax
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