Please explain step by step
Extracted text: For Megalopolis, calculate (Round your answers to 2 decimal places. (e.g., 32.16): % Return on equity Return on assets c. Asset utilization d. Equity multiplier e. Profit margin a. b. % % f. Interest expense ratio Provision for loan loss ratio h. Noninterest expense ratio g. I. Тах гatio
Extracted text: Megalopolis Bank has the following balance sheet and income statement. Balance Sheet (in millions) Assets Liabilities and Equity $ 10,100 34,000 53,000 101,000 26,000 5,100 Demand deposits $ 30,000 Cash and due from banks Investment securities NOW accounts 100,000 39,000 30,000 $199,000 Repurchase agreements Retail CDs Loans Debentures Fixed assets Total liabilities Other assets Common stock Paid-in capital Retained earnings 12,000 4,000 14, 200 Total assets $229, 200 Total liabilities and equity $229, 200 Income Statement $10,100 5,100 7,100 2,100 $24,400 $10,100 3,100 $13, 200 $11, 200 2,800 3,100 2,100 $ 9,400 3,400 Interest on fees and loans Interest on investment securities Interest on repurchase agreements Interest on deposits in banks Total interest income Interest on deposits Interest on debentures Total interest expense Net interest income Provision for loan losses Noninterest income Noninterest expenses Income before taxes Тахes Net income $ 6,000