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The financial statements for THE Bank are shown below: Assets Cash Demand deposits from other FIS Investments Federal funds sold Loans Reserve for loan losses Premises Total assets Income Statement THE Bank Interest income Interest expense Provision for loan losses Noninterest income Noninterest expense Taxes Balance Sheet THE Bank $ 2,520 1,740 100 350 520 90 $ 310 710 1,910 1,010 7,010 (900) 860 $ 10,910 Liabilities and Equity Demand deposits Small time deposits Jumbo CDs Federal funds purchased Equity Total liabilities/equity $ 2,560 4,910 1,535 1,110 795 $ 10,910 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))

The financial statements for THE Bank are shown below: Assets Cash Demand deposits from other FIS Investments Federal funds sold Loans Reserve for loan losses Premises Total assets Income Statement THE Bank Interest income Interest expense Provision for loan losses Noninterest income Noninterest expense Taxes Balance Sheet THE Bank $ 2,520 1,740 100 350 520 90 $ 310 710 1,910 1,010 7,010 (900) 860 $ 10,910 Liabilities and Equity Demand deposits Small time deposits Jumbo CDs Federal funds purchased Equity Total liabilities/equity $ 2,560 4,910 1,535 1,110 795 $ 10,910 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))

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The financial statements for THE Bank are shown below: Assets Cash Demand deposits from other Fis Investments Federal funds sold Loans Reserve for loan losses. Premises Total assets Income Statement THE Bank Interest income Interest expense Provision for loan losses Noninterest income Noninterest expense Taxes Balance Sheet THE Bank $ 2,520 1,740 100 350 520 90 $ 310 710 1,910 1,010 7,010 (900) 860 $ 10,910 Liabilities and Equity Demand deposits Small time deposits Jumbo CDs Federal funds purchased Equity Total liabilities/equity $ 2,560 4,910 1,535 1,110 795 $ 10,910 U 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))
Transcribed Image Text:The financial statements for THE Bank are shown below: Assets Cash Demand deposits from other Fis Investments Federal funds sold Loans Reserve for loan losses. Premises Total assets Income Statement THE Bank Interest income Interest expense Provision for loan losses Noninterest income Noninterest expense Taxes Balance Sheet THE Bank $ 2,520 1,740 100 350 520 90 $ 310 710 1,910 1,010 7,010 (900) 860 $ 10,910 Liabilities and Equity Demand deposits Small time deposits Jumbo CDs Federal funds purchased Equity Total liabilities/equity $ 2,560 4,910 1,535 1,110 795 $ 10,910 U 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))
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