You Know the Following Information About the Miller State Bank

question 22

Multiple Choice

You know the following information about the Miller State Bank: $\begin{array} { l r } \text { Gross loans } & \$ 300 \\\text { Miscellaneous assets } & 50 \\\text { Deposits } & 390 \\\text { Total equity } & 50 \\\text { Common stock par } & 5 \\\text { Non-deposit borrowings } & 60 \\\text { Investment securities } & 150 \\\text { Net premises } & 40 \\\text { Surplus } & 5 \\\text { Allowance for loan losses } & 50 \\\text { Total assets } & 500 \\\text { Gross premises } & 70\end{array}$
Given this information,what is the value of this firm's net loans?

• A)$250
• B)$350
• C)$500
• D)$50
• E)$150