Calculate:Tax management efficiencyExpense control efficiencyAsset management efficiency The latest report of condition and income and expense statement for SME National Bank areas shown in the following tables:SME National Bank (complete)Income and Expense Statement (Report of Income inMillions of GHS)Interest and fees on loans50Interest and dividends on securitiesTotal interest income56Interest paid on depositsInterest on nondeposit borrowingsTotal interest expense40646Net interest income10Provision for loan losses5Noninterest income and feesNoninterest expenses:20Salaries and employee benefitsOverhead expensesOther noninterest expensesTotal noninterest expensesNet noninterest income10*517-2Pretax operating incomeSecurities gains (or losses)Pretax net operating income8210Таxes2Net operating incomeNet extraordinary incomeNet income8-17*Note: the bank currently has 40 FTE employees. SME National BankReport of Condition (In Millions of GHS)AssetsLiabilitiesCash and deposits due from banksInvestment securities100 Demand deposits150 Savings deposits10 Time deposits700 Money mkt funds purchasedTotal liabilities190180Money mkt funds soldNet loans47080(Allowance for loan losses = 25)(Unearned income on loans = 5)Net Fixed Assets920Equity capital50 Common stock20Surplus980 Retained earningsTotal Capital860 Interest-bearing deposits35Total assets3580Total earnings assets650Using these statements, calculate the following performance measures:

Tax Management Efficiency = Net IncomeNet operating Income before taxes Expense Control Efficiency…

Answered: Calculate: Tax management efficiency…

Business

Accounting

Calculate: Tax management efficiency Expense control efficiency Asset management efficiency

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 3MC: The following is selected financial data from Block Industries: How much does Block Industries have...

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