Check my work The financial statements for THE Bank are shown below: Balance Sheet THE Bank...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Check my work The financial statements for THE Bank are shown below: Balance Sheet THE Bank Assets Cash Liabilities and Equity $ 380 Demand deposits from other FIs Investments Demand deposits Small time deposits 780 1,980 1,080 6,580 (500) Jumbo CDs Federal funds sold Loans Reserve for loan losses Federal funds purchased Equity Premises 930 Total assets $ 11,230 Total liabilities/equity $ 11,: Income Statement THE Bank Interest income $ 2,540 1,810 Interest expense Provision for loan losses Noninterest income Noninterest expense 100 420 510 Тахes 40 a. Calculate THE Bank's earning assets. b. Calculate THE Bank's ROA. (Round your percentage answer to 3 decimal places. (e.g., 32.161)) c. Calculate THE Bank's total operating income. d. Calculate THE Bank's spread. (Do not round intermediate calculations. Round your percentage answer to 3 decimal places. (e.g., 32.161)) Check my work The financial statements for THE Bank are shown below: Balance Sheet THE Bank Assets Cash Liabilities and Equity $ 380 Demand deposits from other FIs Investments Demand deposits Small time deposits 780 1,980 1,080 6,580 (500) Jumbo CDs Federal funds sold Loans Reserve for loan losses Federal funds purchased Equity Premises 930 Total assets $ 11,230 Total liabilities/equity $ 11,: Income Statement THE Bank Interest income $ 2,540 1,810 Interest expense Provision for loan losses Noninterest income Noninterest expense 100 420 510 Тахes 40 a. Calculate THE Bank's earning assets. b. Calculate THE Bank's ROA. (Round your percentage answer to 3 decimal places. (e.g., 32.161)) c. Calculate THE Bank's total operating income. d. Calculate THE Bank's spread. (Do not round intermediate calculations. Round your percentage answer to 3 decimal places. (e.g., 32.161))
Expert Answer:
Answer rating: 100% (QA)
answer banks earning assets 59140 banks return on assetsROA 4452 banks total ... View the full answer
Related Book For
Financial Markets and Institutions
ISBN: 978-0077861667
6th edition
Authors: Anthony Saunders , Marcia Cornett
Posted Date:
Students also viewed these accounting questions
-
The financial statements for THE Bank are shown below: a. Calculate THE Banks earning assets. b. Calculate THE Banks ROA. c. Calculate THE Banks total operating income. d. Calculate THE Banksspread....
-
The financial statements for the Oros Riding Club follow. Required 1. Explain how the four statements for Oros Riding Club relate to each other. 2. Which statements are most closely associated with...
-
The financial statements for the year ended June 30, 2011, are given below for Morgan Construction Company. The firms sales are projected to grow at a rate of 25 percent next year, and all financial...
-
Should courts ever enforce illegal contracts? If illegal contracts are void as a matter of law, what is the court enforcing? If courts will use equity powers or other roundabout ways to enforce...
-
Use Worksheet 6.1. Rebecca Collins is evaluating her debt safety ratio. Her monthly take-home pay is $3,320. Each month, she pays $380 for an auto loan, $120 on a personal line of credit, $60 on a...
-
It is known that a persons body has about one gallon of blood in it, and that a cubic foot will hold about 7.5 gallons of liquid. It is also known that Central Park in New York has an area of 840...
-
If the boundary layer on the hood of your car behaves as one on a flat plate, estimate how far from the front edge of the hood the boundary layer becomes turbulent. How thick is the boundary layer at...
-
For each of the following independent cases, use FIFO costing to determine the information requested. a. The ending inventory included $87,000 for conversion costs. During the period, 42,000...
-
George was working at a grocery store, ABC Grocery, on a beautiful Monday morning. As he was stocking some shelves, he saw his former high school enemy, Claire. She was shopping at the store. George...
-
Read and answer the question below. EMBRACE DEMOGRAPHICS AND SOCIETAL CHANGES Using Differences to Drive Value Force 7: Demographics and Societal Changes. One of the most important forces that is...
-
The individual financial statements for Gibson Company and Keller Company for the year ending December 31, 2015, follow. Gibson acquired a 60 percent interest in Keller on January 1, 2014, in...
-
Explain qualitatively how the gradient of liquid velocities in the separation chamber develops and in which direction they decrease, with respect to the centripetal end (i.e., towards the axis of...
-
A stock has a beta of 1.65, the expected return on the market is 15 percent, and the risk- free rate is 9 percent. What must the expected return on this stock be?
-
A train is a macroscopic object and has a wavelength. Why don't we observe the wavelength of a train when it passes by? In your explanation, discuss how the mass of the train affects wavelength.
-
If a bank's ratio of assets to capital is 10 and it's return on assets is -2%, what is its return on equity?
-
At a volume of 12,000 units you calculate that the companys degree of operating leverage is 2.99. If operating cash flow at this size is $124,500, what will be the OCF if volume decreases to 11,000...
-
Watch the "Life After Loss: Why It's Okay to Not Just 'Get Over' Grief" video on YouTube by MedCircle. Using the video, 1. Discuss grief and the five stages of death and dying. 2. How might you...
-
Using the parallel-axis theorem, determine the product of inertia of the area shown with respect to the centroidal x and y axes. 6 in. 9 in. 9 in- 4.5 in. in. 4.5 in.
-
Suppose today a mutual fund contains 2,000 shares of J. P. Morgan Chase, currently trading at $ 46.75, 1,000 shares of Walmart, currently trading at $ 70.10, and 2,500 shares of Pfizer, currently...
-
Repeat parts (a) through (c) of Problem using a required rate of return on the bond of 8 percent. What do your calculations imply about the relation between the coupon rates and bond price...
-
A U.S. insurance company invests $ 1,000,000 in a private placement of British bonds. Each bond pays 300 in interest per year for 20 years. If the current exchange rate is 1.564/$, what is the...
-
If the liquid has a high thermal conductivity, the heat transfer coefficient depends on \(\mathrm{Pr}^{1 / 2}\). What is the root cause of the increase dependence on \(\mathrm{Pr}\) ?
-
The boundary layer analysis performed in Section 12.6.1 assumed that the fluid was flowing over a stationary plate. However, there is no reason why the fluid cannot be quiescent while the plate moves...
-
At high mass transfer rates, the mass transfer coefficient depends on both the magnitude and direction of mass transfer. Why?
Study smarter with the SolutionInn App