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Hunt Taxidermy, Inc., is concerned about the taxes paid by the company in 2012. In addition to $42.7 million of taxable income, the firm received $3,015,000 of interest on state-issued bonds and $1,800,000 of dividends on common stock it owns in Oakdale Fashions, Inc. (Use Table 2.3)

Calculate Hunt Taxidermy’s tax liability. (Enter your answer in dollars not in millions. Round your answer to the nearest dollar amount.)

This problem focuses on bank capital management and various capital ratio measures. Following are recent balance sheet accounts for Prime First National Bank. Cash assets $ 17 million Demand deposits $50 million Loans secured by Time & savings real estate 40 deposits 66
Commercial loans 45 Federal funds purchased 15 Government Trust-preferred securities owned 16 securities 2 Goodwill 5 Bank fixed assets 15 Owners’ capital 5 Total assets $138 million Total liabilities $138 million and owners’ capital All amounts are in millions of dollars. Note: The bank has loan-loss reserves of $10 million. The real estate and commercial loans shown on the balance sheet are net of the loan-loss reserves.
a. Calculate the equity capital ratio. How could the bank increase its equity capital ratio?
b. Risk-adjusted assets are estimated using the following weightings process: cash and government securities _.00; real estate loans _.50; commercial and other loans _ 1.00. Calculate the risk-adjusted assets amount for the bank.
c.