USE THE DATA BELOW AND CALCULATE THE COMMON EQUITY CAPITAL RATIO. (Round answer to 2 decimal places, e.g. 52.75.)

		ASSETS
Cash assets		$6	million
Loans secured by real estate		30
Commercial and indus. loans		20
Securities owned		7
Bank fixed assets		20
Total assets		$83	million
LIABILITIES & STOCKHOLDERS' EQUITY
Demand deposits		20	million
Time and savings deposits		40
Federal funds purchased		6
Other long-term liabilities		5
Stockholders' equity		12
Total liab. & equity capital		83	million

Common equity capital ratio

Type your answer here %