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Question 10 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 95.115, Securities 618.538, Net loans 1208.739, Net premises 297.822;
Question 10 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 95.115, Securities 618.538, Net loans 1208.739, Net premises 297.822; Deposits 1091.188, Non-deposit borrowings 781.643, Common stock $11.329, Surplus $126.358; Income Statement: Interest Income 401.895, Interest expense 181.895, Noninterest income 48.387, Noninterest expense 98.01, Provision for loan losses 61.741, Securities gains (losses if negative) -1.769, Taxes 45.484. What is Castle State Bank's tax management efficiency ratio? Decimalize your answers, round to four decimals. E.g., if your answer is 14.445%, record it as 0.1445. Note: Undivided profits is the only item missing above; it is the item that would balance the balance sheet
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