Question
From the supplemental financial statement information below, calculate the Tax ratio The financial statements below are to be used for the problems dealing with the
From the supplemental financial statement information below, calculate the Tax ratio
The financial statements below are to be used for the problems dealing with the bank financial ratios.
BALANCE SHEET
ASSETS
Cash $760,000,000
Securities 1,800,000,000
Net Loans 5,200,000,000
Other 975,000,000
Total assets $8,735,000,000
LIABILITIES and EQUITY
Deposits $6,875,000,000
Other borrowing 997,000,000
Equity 863,000,000
Total liabilities & Equity $8,735,000,000
INCOME STATEMENT
Interest income on loans $375,000,000
Interest income on securities 95,000,000
Non-interest income 65,000,000
Total Operating income $535,000,000
Interest expense 215,000,000
Non-interest expense 112,000,000
Provision for loan loss 19,000,000
Income Taxes 75,000,000
Net income $114,000,000
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