Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 5 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 104.441, Securities 586.69, Net loans 1205.963, Net premises 295.661;

image text in transcribed

Question 5 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 104.441, Securities 586.69, Net loans 1205.963, Net premises 295.661; Deposits 1106.707, Non-deposit borrowings 791.311, Common stock $10.88, Surplus $124.379; Income Statement: Interest Income 398.034, Interest expense 190.573, Noninterest income 50.313, Noninterest expense 103.007, Provision for loan losses 61.886, Securities gains (losses if negative) 1.417, Taxes 40.542. What is Castle State Bank's asset utilization 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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Financial Accounting An International Introduction

Authors: David Alexander

2nd Edition

9780273685203

More Books

Students also viewed these Accounting questions