11, Dudley Bank has the following balance sheet and income statement.For Dudley Bank, calculate:Return on equityReturn on assetsAsset utilizationEquity multiplierProfit marginInterest expense ratioProvision for loan loss ratioNoninterest expense ratioTax ratioOverhead efficiency **Balance Sheet (in millions)****Assets**- Cash and due from banks: $7,500- Repurchase agreements: $13,000- Other investment securities: $34,500- Loans: $70,500- Fixed assets: $9,250- Other assets: $3,200- **Total assets**: $137,950**Liabilities and Equity**- Demand deposits: $15,500- NOW accounts: $35,625- Retail CDs: $57,000- Debentures: $14,250- **Total liabilities**: $122,375- Common stock: $5,000- Paid-in capital: $4,000- Retained earnings: $6,125- **Total liabilities and equity**: $137,500**Income Statement**- Interest on fees and loans: $6,715- Interest on repurchase agreements: $143- Interest on other investment securities: $1,705- Interest on deposits in banks: $60- **Total interest income**: $8,623- Interest on deposits: $3,018- Interest on debentures: $1,140- **Total interest expense**: $4,158- **Net interest income**: $4,465- Provision for loan losses: $200- Noninterest income: $950- Noninterest expenses: $1,720- **Income before taxes**: $3,495- Taxes: $1,220- **Net income**: $2,275

Name: 11, Dudley Bank has the following balance sheet and income statement.F
Uploaded: 2022-11-29T14:11:17.000Z
Channel: Bartleby
Description: 11, Dudley Bank has the following balance sheet and income statement.For Dudley Bank, calculate:Return on equityReturn on assetsAsset utilizationEquity multiplierProfit marginInterest expense ratioProvision for loan loss ratioNoninterest expense rati