Question: USE THE DATA BELOW AND CALCULATE THE COMMON EQUITY CAPITAL RATIO. (Round answer to 2 decimal places, e.g. 52.75.) ASSETS Cash assets $8 million Loans

USE THE DATA BELOW AND CALCULATE THE COMMON EQUITY CAPITAL RATIO. (Round answer to 2 decimal places, e.g. 52.75.)

ASSETS
Cash assets $8 million
Loans secured by real estate 30
Commercial and indus. loans 20
Securities owned 7
Bank fixed assets 10
Total assets $75 million
LIABILITIES & STOCKHOLDERS' EQUITY
Demand deposits 20 million
Time and savings deposits 40
Federal funds purchased 6
Other long-term liabilities 3
Stockholders' equity 6
Total liab. & equity capital 75 million

Common equity capital ratio

%

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