Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You know the following information about the Miller State Bank (in $ mln): Gross loans $280.683, Miscellaneous assets $45.455, Deposits $385.506, Common stock par $5.976,

You know the following information about the Miller State Bank (in $ mln): Gross loans $280.683, Miscellaneous assets $45.455, Deposits $385.506, Common stock par $5.976, Non-deposit borrowings $62.247, Investment securities $140.032, Net premises $40.501, Surplus $4.284, Allowance for loan losses $20.105, Gross premises $74.72. Given this information, what is the the value of this bank's total liabilities, to the nearest $0.001 million? E.g. if your answer is $254.6755 million, record it as 254.676.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management In The Public Sector Tools Applications And Cases

Authors: Xiaohu Wang

3rd Edition

0765636891, 9780765636898

More Books

Students also viewed these Finance questions

Question

9. How are they similar to you? (specifically)

Answered: 1 week ago

Question

13. What are their tastes? (refined, middle class, or subsistence)

Answered: 1 week ago