The following are statistics from the annual report of Dover Bank: Required a. Calculate the following for
Question:
The following are statistics from the annual report of Dover Bank:
Required
a. Calculate the following for 2009, 2008, and 2007:
1. Earning assets to total assets
2. Interest margin to average earning assets
3. Loan loss coverage ratio
4. Equity to total assets
5. Deposits times capital
6. Loans to deposits
b. Comment on trends found in the ratios computed in(a).
Transcribed Image Text:
2009 2007 $50,000,000 58,823,529 530,000 2,550,000 562.000 $45,000,000 54,216,867 453,000 2,200,000 480.500 S43,000,000 52,000,000 Average earning assets Average total assets Income before securities transactions Interest margin Pretax income before securities transactions 2,020,000 440.000 2007 Provision for loan losses Net charge-offs Average equity Average net loans Average deposits 190,000 180,000 4,117,600 32,500,000 52,500,000 162,000 3,524,000 26,000,000 42,500,000 142,000 160,000 3, 120,000 22,500,000 37,857,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 83% (12 reviews)
a 1 Earning Assets to Total Assets Average Earning Assets Average Total Assets 2009 2008 2007 500000...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Financial Reporting and Analysis Using Financial Accounting Information
ISBN: 978-1439080603
12th Edition
Authors: Charles H Gibson
Question Posted:
Students also viewed these Accounting questions
-
The following are statistics from the annual report of McEttrick National Bank: Required a. Calculate the total deposits times capital for each year. b. Calculate the loans to total deposits for each...
-
The following items are excerpted from an annual report of a large retailer. Requirements 1. Why is depreciation listed on the statement of cash flows? 2. Explain in detail each investing activity....
-
The following items are excerpted from an annual report of a large retailer. Requirements 1. Why is depreciation listed on the statement of cash flows? 2. Explain in detail each investing activity....
-
Mike has the following monthly information: Salary $4,000 Rent 1,800 700 Car payment Investment Income 200 Meals 900 Groceries 700 Student Loan Payment 400 Other Expenses 600 1. What is Mike's...
-
Identify the ethical issues that Dutch faced. How should he have addressed or dealt with those issues? The following morning, Dutch was awakened by a phone call. The caller was T.J. Gillette, the...
-
Marsh Limited has investigated the possibility of investing in a new machine. The following data have been extracted from the report relating to the project: Cost of machine on 1 January Year 6:...
-
Estimate the parameters in a model for the gasoline mileage data in Table B. 3 using ridge regression with the value of \(k\) determined by Eq. (9.8). Does this model differ dramatically from the one...
-
Researchers developed a questionnaire to identify compulsive buyers. A random sample of 32 subjects who identified themselves as compulsive buyers was obtained, and they had a mean questionnaire...
-
Include a list of the principals involved in your business a mobile mechanic with a brief overview of how their particular skills will serve the business. Include accomplishments that relate to the...
-
On July 1, 2019, the City of Belvedere accepted a gift of cash in the amount of $3,500,000 from a number of individuals and foundations and signed an agreement to establish a private-purpose trust....
-
Real estate companies contend that conventional accounting does not recognize the underlying value of the property and that this misleads investors. Discuss.
-
Super Power Company reported the following statistics in its statements of income: *Includes taxes of $3,200,000 in 2009 and $3,000,000 in 2008. Required a. Calculate the operating ratio and comment...
-
Suppose your organization used function point analysis to estimate costs for software projects. How would the expertise level of a recently hired programmer affect your calculation of their function...
-
Consider a project with free cash flows in one year of $133,239 or $189,144, with each outcome being equally likely. The initial investment required for the project is $70,000, and the projects cost...
-
CoffeeStop primarily sells coffee. It recently introduced a premium coffee-flavored liquor. Suppose the firm faces a tax rate of 22% and collects the following information. If it plans to finance 15%...
-
Boeing Corporation has just issued a callable (at par) three-year, 4.7% coupon bond with semiannual coupon payments. The bond can be called at par in two years or anytime thereafter on a coupon...
-
Your firm has tangible assets of $103.4 million. You are planning to acquire a firm that is half your firms size. You have bonds with a merger & acquisition covenant that requires the combined firm...
-
Milton Industries expects free cash flows of $20 million each year. Miltons corporate tax rate is 35%, and its unlevered cost of capital is 9%. The firm also has outstanding debt of $104.13 million,...
-
Recently appointed to the commission are a lady lawyer, a Mexican CPA, and two businessmen. Revise the following sentences to reduce bias (e.g., gender, racial, ethnic, age, and disability).
-
In the current year, the City of Omaha donates land worth $500,000 to Ace Corporation to induce it to locate in Omaha and create an estimated 2,000 jobs for its citizens. a. How much income, if any,...
-
Find the trigonometric ratios in Problems 17-28 by using a calculator. Round your answers to four decimal places. sin 56 sin 56
-
Give some reasons why the off- main diagonal probabilities of an information system such as that depicted in Table 3.2 are non- zero. Use the concepts of relevance and reliability in your answer....
-
Decision usefulness is an important accounting concept. Required a. State the decision usefulness approach to accounting theory. b. What two questions arise once the decision usefulness approach is...
-
Mr. Smart is an investor with $ 15,000 to invest. He has narrowed his choice down to two possible investments: Mutual fund Common shares in Buyme Corporation Figure 3.5 gives a decision tree for Mr....
-
Please design a marketing message that embeds the concept of nostalgia and another factor that can potentially moderate the effect of nostalgia to increase consumer desire for post-pandemic travel....
-
Describe the stages a 22-year-old university student would go though when purchasing a new computer. Also, describe the process the same individual would go through when purchasing a frozen pizza.
-
Goal: Evaluate a business opportunity. What to do: Your wealthy aunt owns commercial real estate all over town. When one of her tenants, anonalcoholicbeverage company, goes bankrupt, your aunt...
Study smarter with the SolutionInn App