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What is the interest expense ratio for ACME bank?

What is the interest expense ratio for ACME bank?

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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What is the interest expense ratio for ACME bank?

Taxes are 5000 and non interest expense is 5000

  
Assets Cash Demand deposits from other Fls 25,000 Investments Federal funds sold Loans Reserve for loan losses Premises Total assets Interest Income Interest expense $75,000 Noninterest income 50,000 Provision for loan losses 10000 $20,000 10000 8,000 6,000 120,000 (10,000) 35,000 $224,000 Demand deposits Small time deposits Jumbo CDs Federal funds purchased I Equity Total liabilities/equity Liabilities and Equity. 90,000 60,000 40,000 10,000 24,000 200,000 $224,000
Transcribed Image Text:Assets Cash Demand deposits from other Fls 25,000 Investments Federal funds sold Loans Reserve for loan losses Premises Total assets Interest Income Interest expense $75,000 Noninterest income 50,000 Provision for loan losses 10000 $20,000 10000 8,000 6,000 120,000 (10,000) 35,000 $224,000 Demand deposits Small time deposits Jumbo CDs Federal funds purchased I Equity Total liabilities/equity Liabilities and Equity. 90,000 60,000 40,000 10,000 24,000 200,000 $224,000
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