Please check my work and show your results.

Please calculate the equity ratio in percentage terms to the second decimal place,

after there is a $5 million loan that is declared worthless.

Assumption is it does not impact the allowance for loan and lease losses and that the bank operates in an area that has no taxes.

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

equity of 45 / Total assets of 745 (750-5) = 6.04