You are given the following balance sheet information about Bank of the Coyote. Use it...
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Accounting
You are given the following balance sheet information about Bank of the Coyote. Use it to answer the questions.
| Assets | Liabilities | |||
| Reserves at the Fed | $1.2 million | Checkable Deposits | $6 million | |
| Vault Cash | $0.3 million | Saving Deposits | $9 million | |
| Loans | $15 million | Time Deposits | $4 million | |
| Securities | $9 million | Federal Funds loans | $2.5 million | |
| Federal Funds loans | $0 million | Bank Capital | $4 million |
a. Calculate Bank of the Coyote's leverage ratio.
b. Suppose the Bank of the Coyote earned $0.8 million in after-tax profits. Calculate the ROA for Bank of the Coyote.
c. Calculate Bank of the Coyote's ROE.
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