Bank of America Assets Liabilities Current Assets Current Liabilities Cash and C

Question

Bank of America Assets Liabilities Current Assets Current Liabilities Cash and Cash Equivalents 612987,000 Accounts Payable Short Term Investments 7,744,000 Short/Current Long Term Debt Net Receivables 58,312,000 other current Liabilities other current Assets - Total Current Liabilities Total Current Assets 679,043,000 Long Term Debt Long Term Investments 1,534,829,000 Total Liabilities Property Plant and Equipment 9,485,000 Stockholders' Equity Goodwill 69,761,000 Preferred Stock Intangible Assets 3,768,000 Common Stock other Assets 108,582000 Retained Earnings Total Assets 2,144,316,000 other Stockholder Equity 146,286000 202389,000 ,197259000 1,545,934,000 105,413,000 1,888,111,000 I I I 177025 23,242,661 23,419686 185,878 25,792,457 22,273,000 151,042,000 88,564,000 5,67400o 256,205,000 Total Stockholder Equity 125980 140,592 174973 401511 2,989981 Total Liabilities and Equity Synovus I Assets Liabilities Current Assets Current Liabilities Cash and Cash Equivalents 4,877,100 Short/Current Long Term Debt Total Current Assets 4,877,100 other current Liabilities Long Term Investments 25,829,259 Total Current Liabilities Property Plant and Equipment 492,185 Other Liabilities Goodwill 24,431 Total Liabilities other Assets 650,645 Stockholders' Equity Deferred Long Term Asset Charge 511,948 Preferred Stock Total Assets 28,792,653 Common Stock Retained Earnings Treasury stock Capital surplus Other Stockholder Equity Total Stockholder Equity Leverage Ratio Total Liabilities and Equity 2,144,316,000 Leverage Ratio 3,000,196 28,792653

Explanation / Answer

(a) Bank of AMMO Assets Liabilities Current Assets Current liabilities Cash And Cash Equivalents 612,987,000 Accounts Payable 14,628,600 Short Term Investments 7,744,000 Short/Current long Term Debt 202,389,000 Net Receivables 58,312,000 Other Current Liabilities 1,197,259,000 Other Current Assets - Total Current liabilities 1,545,934,000 Total Current Assets 679,043,000 lorg Ten Debt 105,413,000 Long Term Investments 1,534,829,000 Total Liabilities 1,888,111,000 Property Plant and Equipment 9,485,000 Stockholders' Equity Goodwill 69,761,000 Preferred Stock 22,273,000 Intangible Assets 3768000 Common Stock 151,042,000 Other Assets 108,582,000 Retained Earnings 88,564,000 Total Assets 2,144,316,000 Other Stockholder Equity 5,674,000 Total Stockholder Equity 256,205,000 Total liabilities and Equity 2,144,316,000 leverage Ratio Synovus Assets Liabilities Current Assets Current liabilities Cash And Cash Equivalents 4877100 Short/Current long term Debt 177,025 Total Current Assets 4877100 Other current liabilities 23,242,661 Long Term Investments 25,829,259 Total Current liatilities 23,419,686 Property Plant and Equipment 492,185 Other liabilities 185,878 Goodwill 24,431 Total Liabilities 25,792,457 Other Assets 650,645 Stakhoiders' Equity Deferred long Term Asset Charge 511948 Preferred Stock 125,980 Total Assets 28,792,653 Common Stock 140,592 Retained Earnings 174,973 Treasury Stock 401,511 Capital Surplus 2989981 Other Stockholder Equity 29,819 Total Stockholder Equity 3,000,196 Total liabilities and Equity 28,792,653 leverage Ratio (b) Leverage ratio Average total assets/ Average equity Bank of AMMO = 2144316000/1888111000 = 1.136 Synovus Average total assets/ Average equity = 28792653/25792457 = 1.1163 (C) For every $100, debt will be Bank of AMMO = 100/1.136 Finanaced with Debt = $88.028 Finanaced with Equity (100-88.028) $11.97 Synovus = 100/1.1163 Finanaced with Debt = $89.5816 Finanaced with Equity (100-88.028) $10.42

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