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Related to Solved Problem 10.1 The following entries (in millions of dollars) are from the balance sheet of Rivendell National Bank (RNB) U.S. Treasury bills

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Related to Solved Problem 10.1 The following entries (in millions of dollars) are from the balance sheet of Rivendell National Bank (RNB) U.S. Treasury bills Demand deposits $18 $37 Mortgage-backed securities Loans from other banks $29 $10 C&I loans $46 Discount loans $9 NOW accounts $39 Savings accounts Reserve deposits with Federal Reserve $9 $6 Cash items in the process of collection $10 Municipal bonds Bank building $6 $5 Use the entries given above to construct the following balance sheet which is similar to the one displayed in the text Assets Liabilities Bank Capital $5 Bank building Use the entries given above to construct the following balance sheet which is similar to the one displayed in the text Liabilities + Bank Capital Assets Total Assets Total Liabilities Bank Capital RNB's capital is what percentage of its assets? Capital/asset ratio (Enter your answer rounded to two decimal places)

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