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Please show work for the problem. Thank you Use the following information from table 2 to answer questions 3, 4, and 5. Table 2: Balance
Please show work for the problem. Thank you
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 Cash and Reserves Allowance for Loan Losses Federal Funds Purchased Demand Deposits Treasury Bills Purchased Retained Earnings Bank Bonds issued Commercial Loans made Now Accounts Net Building/Equipment $50 $80 ($20) $70 $650 $230 $70 $130 $500 $100 $100 $50 $89 ($21) $65 $685 $2201 $751 $130 $550 $125 $1201 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 2? Show you answer as a percentage to two decimal places in the following format x.xx% 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 Cash and Reserves Allowance for Loan Losses Federal Funds Purchased Demand Deposits Treasury Bills Purchased Retained Earnings Bank Bonds issued Commercial Loans made Now Accounts Net Building/Equipment $50 $80 ($20) $70 $650 $230 $70 $130 $500 $100 $100 $50 $89 ($21) $65 $685 $2201 $751 $130 $550 $125 $1201 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 2? Show you answer as a percentage to two decimal places in the following format x.xx%Step by Step Solution
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