Respuesta :
Answer:
Borrowings = $0.10 Billion
Owner's Equity = $0.40 Billion
Step-by-step explanation:
Total liabilities = deposits + borrowings
Borrowings = total liabilities - deposits
Borrowings in 2017 = $14.60 - 11.90 = $2.70 billion
Borrowings in 2018 = $14.80 - $12.20 = $2.60 billion
Borrowings from 2017-2018= 2.60 - 2.70 = $0.10 billion
Owner's Equity= total assets - total liabilities
Owner’s equity in 2017 = $16.2 - $14.6 = $1.6 billion
Owner’s equity in 2018 = $16.8 - $14.8 = $2 billion
Owner's Equity from 2017-2018= 2 - 1.6 = $0.4 billion
Hope this helps!
The Owner's Equity for commercial banks in 2017-2018 is $0.4 billion.
The given is,
Borrowings = $0.10 Billion
Owner's Equity = $0.40 Billion
What is the formula for the total liabilities?
Total liabilities = deposits + borrowings
So we have Borrowings = total liabilities - deposits
Borrowings in 2017
= $14.60 - 11.90
= $2.70 billion
Borrowings in 2018
= $14.80 - $12.20
= $2.60 billion
Borrowings from 2017-2018
= 2.60 - 2.70
= $0.10 billion
Owner's Equity= total assets - total liabilities
Owner’s equity in 2017
= $16.2 - $14.6
= $1.6 billion
Owner’s equity in 2018
= $16.8 - $14.8
= $2 billion
Owner's Equity from 2017-2018
= 2 - 1.6
= $0.4 billion
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