Consider a bank whose balance sheet data as of December 31, 2020 were as follows: Total loans of the bank were 6 times of bonds it held; liquid assets were 8% of total assets; real assets: building equipment, etc., were $0.05 billion; total deposits were 16 times of equity, other liabilities which amounted to $1.0 billion, were 5% of total deposits. Find the balance sheet of the bank as of December 31, 2020

Consider a bank whose balance sheet data as of December 31, 2020 were as follows: Total loans of the bank were 6 times of bonds it held; liquid assets were 8% of total assets; real assets: building equipment, etc., were $0.05 billion; total deposits were 16 times of equity, other liabilities which amounted to $1.0 billion, were 5% of total deposits. Find the balance sheet of the bank as of December 31, 2020

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 23MCQ

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