fik's balance Assets Reserves Loans Short-term securities feet is the following. Miracle Bank Liabilities & Owners' Equity $600 Deposits 6,400 Debt 1000 Capital (owners' equity) Miracle Bank's leverage ratio is $7,000 990 10

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 18MCQ
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Miracle Bank's balance sheet is the following.
Assets
Reserves
Loans
Short-term securities
a. 70
Miracle Bank's leverage ratio is
Ob. 0.0857
c. 8.57
Miracle Bank
Od. 80
Liabilities & Owners' Equity
$600 Deposits
6,400 Debt
1000 Capital (owners' equity)
$7,000
990
10
Transcribed Image Text:Miracle Bank's balance sheet is the following. Assets Reserves Loans Short-term securities a. 70 Miracle Bank's leverage ratio is Ob. 0.0857 c. 8.57 Miracle Bank Od. 80 Liabilities & Owners' Equity $600 Deposits 6,400 Debt 1000 Capital (owners' equity) $7,000 990 10
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