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You have been given the below financial information about Milwaukee Bank and Trust. Please calculate the Efficiency Ratio. Please express your answer as a percentage
You have been given the below financial information about Milwaukee Bank and Trust. Please calculate the Efficiency Ratio. Please express your answer as a percentage to the first digit without the percentage sign.
Balance Sheet Category | Balance Sheet Value ($ millions) | Income Statement Category | Income Statement Value ($millions) |
Total Assets | $250 | Interest Income | $15 |
Interest-Earning Assets | $200 | Interest Expense | $6 |
Total Equity | $20 | Loan Loss Provision | $1 |
Non-interest Income | $3 | ||
Non-Interest Expense | $5 |
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