Question
Please help me and show your work: The following table contains descriptions of transactions that were made to a bank's income statement. Using data from
Please help me and show your work:
The following table contains descriptions of transactions that were made to a bank's income statement. Using data from this table, calculate the Net Interest Income for question 1 and calculate the Non Net-Interest Income for question 2.
Question 2: From table 1 (above) calculate the bank's Non Net-Interest income to the nearest dollar. Enter you answer in the $xxx format for positive income or ($xxx) format for negative income.
Question 4: Using the same information in table 2 and keeping constant the assumption that the bank made $5 million of net income in year 2, what was the bank's Return on Equity (ROE) in year 2? Show you answer as a percentage to two decimal places in the following format x.xx%
The following table contains descriptions of transactions that were made to a bank's income statement. Using data from this table, calculate the Net Interest Income for question 1 and calculate the Non Net-Interest Income for question 2. Table 1: Description Amount Interest income from loans $350 Interest received from security investments $250 gains from the sale of securities investment $50 cash paid on interest for deposits accounts $100 Interest expense paid on overnight loans $50 Fees paid to advertiser for Marketing $40 Income received from the sale of a financial security $80 accrual for equipment depreciation $55 accrual for employee salaries and benefits $175 Service charges received from customer credit cards $25 Question 1 6 pts Question 1: From table 1 (above) calculate the bank's Net-Interest income to the nearest dollar. Enter you answer in the $xxx format for positive income or ($xxx) format for negative income. $335 Question 3 6 pts Question 2: From table 1 (above) calculate the bank's Non Net-Interest income to the nearest dollar. Enter you answer in the $xxx format for positive income or ($xxx) format for negative income. ($215) Use the following information from table 2 to answer questions 3, 4, and 5. Table 2: Balance Sheet Account Year 1 ending balance Year 2 ending balance Stock Issued $50 $50 Cash and Reserves $80 $89 Allowance for Loan Losses $20 $21 Federal Funds Purchased $70 $65 Demand Deposits $650 $685 Treasury Bills Purchased $230 $220 Retained Earnings $70 $75 Bank Bonds issued $130 $130 Commercial Loans made $500 $550 Now Accounts $100 $125 Net Building/Equipment $100 $120 Question 5 6 pts Question 3: Table 2 list various accounts from a bank's balance sheet ($'s in millions). In year 2 the bank's total net income was $5 million. What was the bank's Return on Assets (ROA) in year 22 Show you answer as a percentage to two decimal places in the following format x.xx% Question 7 6 pts Question 4: Using the same information in table 2 and keeping constant the assumption that the bank made $5 million of net income in year 2, what was the bank's Return on Equity (ROE) in year 22 Show you answer as a percentage to two decimal places in the following format X.XX%Step by Step Solution
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