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Megalopolis Bank has the tonowing balance sheet and income statement. Assets Cash and due from banks Investment securities Repurchase agreements Loans Fixed assets Other
Megalopolis Bank has the tonowing balance sheet and income statement. Assets Cash and due from banks Investment securities Repurchase agreements Loans Fixed assets Other assets Balance Sheet (in millions) $ 10,500 38,000 57,000 105,000 30,000 5,500 Liabilities and Equity Demand deposits NOW accounts Retail CDs Debentures Total liabilities Common stock Paid-in capital Total assets $ 34,000 104,000 43,000 34,000 $ 215,000 12,000 Retained earnings 4,000 15,000 $ 246,000 Total liabilities and equity $ 246,000 Income Statement (in millions). 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 expense Net interest income. Provision for loan losses Noninterest income Noninterest expenses Income before taxes: Net income $ 10,500 5,500 7,500 2,500 $ 26,000 $ 10,500 3,500 $ 14,000 $ 12,000 3,200, 3,500 2,500 $9,800 3,900 $ 5,900 For Megalopolis, calculate (Round your percentage answers and equity multiplier to 2 decimal places. (e.g., 32.16)): Noninterest expenses Income before taxes Taxes Net income 2,500 $ 9,800 3,900 $ 5,900 For Megalopolis, calculate (Round your percentage answers a. Return on equity % b. Return on assets % C. Asset utilization % d. Equity multiplier X e. Profit margin % f. Interest expense ratio % 9. Provision for loan loss ratio % h. Noninterest expense ratio % i. Tax ratio %
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