Question

Value (in billions) 2017 2018

Answer 1

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

To learn more about the Borrowings visit:

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Answer 2

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!