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Question 7 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 102.239, Securities 606.172, Net loans 1199.056, Net premises 306.759;
Question 7 of 10 2 Points Following data pertains to Castle State Bank. Balance Sheet: Cash 102.239, Securities 606.172, Net loans 1199.056, Net premises 306.759; Deposits 1104.419, Non-deposit borrowings 792.599, Common stock $11.089, Surplus $120.338; Income Statement: Interest Income 408.333, Interest expense 182.185, Noninterest income 49.37, Noninterest expense 97.361, Provision for loan losses 61.143, Securities gains (losses if negative) -7.836, Taxes 45.247. 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 as10.45. Note: Undivided profits is the only item missing above; it is the item that would balance the balance sheet
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