Question

In: Accounting

You are given selected information about a bank. Write a short memo or report that: 1)...

You are given selected information about a bank. Write a short memo or report that:

1) Creates a balance sheet and an income statement for the bank that puts the items in their proper order and category.

2) Find the ROAA and ROAE for the bank

Information:

Bank Premises & Fixed Assets $50m

Interest Income from Leases $5m

Investments $30m

Interest Payment on Deposits $30m

Interest-Bearing Deposits $700m

Equity Capital $120m

Cost of Premises and Equipment $12

Non-Interest-Bearing Deposits $100m

Borrowed Funds $20m

Salaries and Employee Benefits $10m

Cash Assets $60m

Interest Income from Loans $60m

Loans $800m

Non-Interest Income $5m

Interest Payment on Borrowed Money $2m

Expert Solution

ekkarill92 answered 1 year ago

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