XYZ Manufacturing reported the following: Revenue $582,000 Beginning inventory of direct materials, January 1, 2015 28,800 Purchases of direct materials 146,400 Ending inventory of direct materials, December 31, 2015 18,000 Direct manufacturing labor 25,200 Indirect manufacturing costs 40,800 Beginning inventory of finished goods, January 1, 2015 45,600 Cost of goods manufactured 223,200 Ending inventory of finished goods, December 31, 2015 39,600 Operating costs 151,200 What is XYZ's gross margin (or gross profit)

Variable rate cd’s = $90 treasury bills = $150 discount loans = $20 treasury notes = $100 fixed rate cds = $160 money market deposit accts. = $140 savings deposits = $90 fed funds borrowing = $40 variable rate mortgage loans $140 demand deposits = $40 primary reserves = $50 fixed rate loans = $210 fed funds lending = $50 equity capital = $120 a. develop a balance sheet from the above data. be sure to divide your balance sheet into rate-sensitive assets and liabilities as we did in class and in the examples. b. perform a standard gap analysis and a duration analysis using the above data if you have a 1.15% decrease in interest rates and an average duration of assets of 5.4 years and an average duration of liabilities of 3.8 years. c. indicate if this bank will remain solvent after the valuation changes. if so, indicate the new level of equity capital after the valuation changes. if not, indicate the amount of the shortage in equity capital.