Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Catal Week #9 Homework Assignment (Chapter 12) Please use information to calculate the ratios below: Q1. Megalopolis Bank has the following balance sheet and
Catal Week #9 Homework Assignment (Chapter 12) Please use information to calculate the ratios below: Q1. Megalopolis Bank has the following balance sheet and income statement. Balance Sheet Assets Liabilities and Equity Cash and due from banks $9,000 Demand deposits $ 19,000 Investment securities 23,000 NOW accounts 89,000 Repurchase agreements 42,000 Retail CDs 28,000 Loans 90,000 Debentures 19,000 Fixed assets 15,000 Total Liabilities $155,000 Other assets 4,000 Common stock Total assets 183,000 Paid-in capital 12,000 4,000 Retained earnings Total liabilities and equity 12,000 $183,000 Income Statement Interest on fees and loans Interest on investment securities Interest on repurchase agreements Interest on deposits in banks Total interest income Interest on deposits Interest on debentures Total interest expenses Net interest income Provision for loan looses Noninterest income. Noninterest expenses Income before tease Taxes Net Income $9,000 4,000 6,000 1,000 $20,000 $9,000 2,000 $11,000 $ 9,000 2,000 2,000 1,000 $ 8,000 3,000 $ 5,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started