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Question Completion Status 17 QUESTION 1 Commerce Bank of Texas in the USA) reported the following results for 2020 batance sheet numbers are charged and
Question Completion Status 17 QUESTION 1 Commerce Bank of Texas in the USA) reported the following results for 2020 batance sheet numbers are charged and simplified from the scale and on millions of US dollars) Show work in each part. Income statement information: Not interest income - 900, net noninterest income 200, and pretux net income = 700 (we will ignore taxes in this problem, co N - 700) Balance sheet Jan 1, 2020 Dec 31, 2020 Cash 2.400 Bonds and other securities owned 3.000 12.500 12,300 Loans 17,400 Premises and intangibles 2.100 2.100 Total assets 34.400 35,400 Total deposits 26,400 26,000 Other liabilities 3,000 4,000 Total equity 5,000 5,409 Liabilities tequity 34,400 35,400 (No partial credit given for incorrect answers unless work is shown) a 14 points) Calculate return on average assets (ROAA) 18,000 b. (4 points) Calculate return on average equity (ROAE) Click Save and Submit to save and submit. Click Save All Arses to all answers Save All Answers Close Window Save and Submit MacBook
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