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Question 7 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 104.577, Securities 582.273, Net loans 1222.647, Net premises 294.448;
Question 7 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 104.577, Securities 582.273, Net loans 1222.647, Net premises 294.448; Deposits 1090.102, Non-deposit borrowings 799.648, Common stock $10.647, Surplus $129.194; Income Statement: Interest Income 409.746, Interest expense 194.653, Noninterest income 49.467, Noninterest expense 97.582, Provision for loan losses 61.817, Securities gains (losses if negative) 4.982, Taxes 45.048. What is Castle State Bank's equity multiplier? Decimalize your answer, round to two decimals. E.g., if your answer is 10.445, record it as 10.45. Note: Undivided profits is the only item missing above; it is the item that would balance the balance sheet
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