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Utilize the following financial information to calculate the Bank's Equity Multiplier (EM); please use two decimal places and do not include percent sign or commas
Utilize the following financial information to calculate the Bank's Equity Multiplier (EM); please use two decimal places and do not include percent sign or commas (i.e. 0.1256 should be shown as 12.56).
Cash $ 2,770
Deposits $34,233
Interest Expense $ 3,300
Short-term Borrowings $ 2,080
Equity $ 3,272
Premises and Fixed Assets $ 2,711
Non-Interest Income $ 280
Taxes $ 180
Net Loans $29,981
Provision for Loan Losses $ 360
Interest Income $ 5,200
Investment Securities $ 6,092
Non-Interest Expense $ 840
Long-term Borrowings $ 1,969
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