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
<h3 /><h3>What is the formula for the total liabilities?</h3>
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: b
Step-by-step explanation:
45+10= 55
55+10= 65
65+1= 66
66+1= 67
67+1= 68
68+1= 69
69+1= 70
70+1= 71
Because 10+10+1+1+1+1+1+1= 26,
71 is your answer :)
I’m getting (8 3/10 )
The picture explains more into depth
Answer:
Step-by-step explanation-3:
