Question $9$

$\frac{0}{2}$ pts

You have been given the following limited information about a different bank, UWM National Bank. Please calculate the equity ratio in percentage terms to the second decimal place after there is a $$10$ million loan that is declared worthless. Assume that this does not impact the allowance for loan and lease losses and that the bank operates in an area with no taxes $($Nirvana$,$ right?$)$

$\backslash$table$[[$Balance Sheet Category,Balance Sheet Value $($$s in millions$)],[$Total Gross Loans,$$500$