Question
GHI Corporation, a financial institution, reports its balance sheet as of December 31, 2023. The company's assets comprise cash, marketable securities, loans, and investments. Liabilities
GHI Corporation, a financial institution, reports its balance sheet as of December 31, 2023. The company's assets comprise cash, marketable securities, loans, and investments. Liabilities include deposits, short-term and long-term borrowings, and accrued expenses. Shareholders' equity consists of common stock, preferred stock, and retained earnings. GHI Corporation's balance sheet reflects its recent expansion into new markets. Requirements: a. Calculate the total assets of GHI Corporation. b. Determine the total liabilities. c. Analyze the impact of market expansion on shareholders' equity.
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