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USE THE DATA BELOW AND CALCULATE THE COMMON EQUITY CAPITAL RATIO. (Round answer to 2 decimal places, e.g. 52.75.) ASSETS Cash assets $5 million Loans
USE THE DATA BELOW AND CALCULATE THE COMMON EQUITY CAPITAL RATIO. (Round answer to 2 decimal places, e.g. 52.75.) ASSETS Cash assets $5 million Loans secured by real estate 30 Commercial and indus. loans 20 Securities owned 7 Bank fixed assets 10 Total assets $72 million LIABILITIES & STOCKHOLDERS' EQUITY Demand deposits 20 million Time and savings deposits 40 Federal funds purchased 6 Other long-term liabilities 5 Stockholders' equity 1 Total liab. & equity capital 72 million Common equity capital ratio = ?????%
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