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)Income StatementAssetsLiabilities and EquityInterest on fees and loans$6,715Cash and dueDemand$ 7,500 deposits$ 15,500Interest on repurchase agreementsfrom banks143Repurchaseagreements13,000 NOW accounts35,625Interest on other investment securities1,705Other investmentInterest on deposits in banks60securities34,050 Retail CDs57,000Total interest income$8,623Loans70,500 Debentures14,250Fixed assets9.250 Total liabilities$122,375Interest on deposits3,018Other assets3,200 Common stock5,000Interest on debentures1.140$137,500 Paid-in capitalRetained earningsTotal assets4,0006,125Total interest expense$4,158Total liabilitiesNet interest income$4,465and equity$137,500Provision for loan losses200Noninterest income950Noninterest expenses1,720Income before taxes$3,495Taxes1,220Net income$2,275

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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

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11, Dudley Bank has the following balance sheet and income statement. For Dudley Bank, calculate: Return on equity Return on assets Asset utilization

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter12: The Statement Of Cash Flows

Section: Chapter Questions

Problem 12.24MCE

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