Don has assets of $5,000, of which $1,800 are in checking and savings accounts. His annual expenses

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Don has assets of $5,000, of which $1,800 are in checking and savings accounts. His annual expenses are $15,000. Don’s liquidity ratio is:

(a) 0.333.

(b) 3.00.

(c) 0.12.

(d) 1.44.

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Wiley Pathways Personal Finance Managing Your Money And Building Wealth

ISBN: 978-0470111239

1st Edition

Authors: Vickie L. Bajtelsmit, Linda Rastelli

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Question Posted: Jun 05, 2024 02:01 AM

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Don has assets of $5,000, of which $1,800 are in checking and savings accounts. His annual expenses

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Wiley Pathways Personal Finance Managing Your Money And Building Wealth

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