Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

QUESTION 41 2 points Save Ar As the Treasurer of Classic Rock bank, you have been given the following information in thousands. Assume the year

image text in transcribed
QUESTION 41 2 points Save Ar As the Treasurer of Classic Rock bank, you have been given the following information in thousands. Assume the year base is on a 365 day actual basis and it is the results are for the quarter ending 3Q 2015 (92 days). Calculate the Earnings per Share. Round up to the nearest whole decimal - Total Average Assets- $ 7,617,104 Total Average Earning Assets $7.241,869 Total Average Shareholders (Owners) Equity Interest Income $ 67,699 .Interest Expense $ 5,614 Non-Interest Income $16,942 Non-Interest Provision for Loan Losses = $ 2,052 $780,131 Net Income After Taxes S 18,599 Average Shares Outstanding -60,905,095 $0.31 s0.36 $0.38 $0.29 $0.30 ld not

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions