7. The tangible common equity (TCE) ratio for this bank is: O a. 4.0096 O b. 4.0496 O c. 5.0096 O d. 5.0596 e. 5.3996 Bank Assets Cash and Treasury Securities Repurchase Agreements Municipal Bonds Single Family Home Mortgages Commercial Loans Agricultural Loans Allowance for Loan Loss O Bank Buildings 1 Goodwill 2 Total 3 $ 2,500 $ 1,000 $ 1,500 $ 2,700 $ 4,000 $ 1,500 $ (350) $ 2,000 $ 150 $ 15,000 Bank Liabilities Deposits $ Subordinated Debt $ Cumulative Preferred Stock $ Common Stock $ Common Stock Surplus $ Retained Earnings $ 13,800 250 200 100 300 350 15,000