Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Please check my work and show your results as well. Please calculate the gross loan to deposit ratio in percentage terms to the first decimal
Please check my work and show your results as well.
Please calculate the gross loan to deposit ratio in percentage terms to the first decimal place
, after there is a $5 million loan that is declared worthless
AND a $25 million deposit withdrawal.
Balance Sheet Category | Balance Sheet Value ($s in millions) |
Total Gross Loans | $500 |
Total Investment Securities | $150 |
Total Allowance for Loan and Lease Losses | -$5 |
Cash and Reserves | $100 |
Total Assets | $750 |
Deposits | $550 |
Equity | $45 |
Total Intangibles | $10 |
answer? 94.3?
reasoning - Total gross loans of 495/ deposits of 525 = 94.29
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