Total interest expenses Total noninterest income Securities gains (losses) Income taxes Dividends to stockholders Total interest income Total noninterest expenses (excluding provision for loan losses) Provision for loan losses $500 100 50 80 40 800 150 100

Total interest expenses Total noninterest income Securities gains (losses) Income taxes Dividends to stockholders Total interest income Total noninterest expenses (excluding provision for loan losses) Provision for loan losses $500 100 50 80 40 800 150 100

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter3: Analysis Of Financial Statements

Section: Chapter Questions

Problem 8P

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Question

Find the Net Income ?

We know the following information about ABC Bank's income statement (all figures in millions of
dollars):
Total interest expenses
Total noninterest income
Securities gains (losses)
Income taxes
Dividends to stockholders
Total interest income
Total noninterest expenses
(excluding provision for loan losses)
Provision for loan losses
$500
100
50
80
40
800
150
100

Please show your work for all problems.
Write your answers with two decimal points (e.g., 59.74, 31.50%, $802.57, $67.00 million)

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