Question
Balance Sheet of Big-But-Simple Bank (BBSB) Assets Liabilities and Net Worth Loans $300 billion Deposits $240 billion Equity $60 billion The table above shows the
Balance Sheet of Big-But-Simple Bank (BBSB)
| Assets | Liabilities and Net Worth |
| Loans $300 billion | Deposits $240 billion |
|
| Equity $60 billion |
The table above shows the balance sheet of Big-But-Simple Bank (BBSB). This bank has taken $60 billion of shareholders' equity and leveraged it:
Answer: ______ to ______.
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp, Loreen Knapp
5th Edition
032418834X, 978-0324188349
