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Category > Business & Finance Posted 07 Jun 2017 My Price 12.00

Castle State Bank has the following financial information.

Castle State Bank has the following financial information.

Balance Sheet

  

Income Statement

  

Cash

$100

Interest Income

$400

Securities Investments

$600

Interest Expenses

($150)

Net Loans

$1200

Non-Interest Income

$50

Net Premises and Equip.

$300

Non-Interest Expenses

($100)

       Total Assets

$2200

Provision for Loan Losses

($60)

Deposits

$1100

   Pre Tax Net Operating Income

$140

Non-Deposit Borrowings *

$800

Securities Gains (Losses)

($40)

Equity Capital

$300

Taxes

($45)

    Total Liabilities and Equity

$2200

Net Income

$55

* All Purchased Funds

      

Use this information to calculate Castle State BankAc€?cs ROE

A) 20.45%

B) 18.33%

C) 12.22%

D) 7.33%

E) 2.5%

PLEASE WORK OUT

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Status NEW Posted 07 Jun 2017 06:06 AM My Price 12.00

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