Question
Assets Liabilities Liquid assets Current Liabilities Cash on Hand $1,200 Utilities $245 Checking Accounts $4,000 Mortgage $743 Savings Accounts $6,300 Insurance Premiums $94 Money Market/Deposits
| Assets | Liabilities | ||||||
| Liquid assets | Current Liabilities | ||||||
| Cash on Hand | $1,200 | Utilities | $245 | ||||
| Checking Accounts | $4,000 | Mortgage | $743 | ||||
| Savings Accounts | $6,300 | Insurance Premiums | $94 | ||||
| Money Market/Deposits | $1,100 | Taxes | $1,320 | ||||
| Total Liquid Assets | $12,600 | Medical/Dental Bills | $1,780 | ||||
| Bank credit card Balances | $590 | ||||||
| Investments | Dept. Store Credit Card Balances | $1,070 | |||||
| Stocks / Bonds | $0 | Travel/Entertainment Card Balances | $68 | ||||
| Mutual Funds | $2,500 | Gas/Other Card Balances | $22 | ||||
| Neice and Nephew College Fund | $3,900 | Bank Line of Credit Balances | $57 | ||||
| Retirement Funds | $24,800 | Other | |||||
| Total Investment | $31,200 | Total Current Liabilities | $5,989 | ||||
| Real Property | Long Term Liabilities | $115,000 | |||||
| Primary Residence | $173,000 | Primary Residence Mortgage | $3,700 | ||||
| Other (Grandma Home) - Executor | $93,500 | Auto Loans | $630 | ||||
| Total Real Property | $266,500 | Appliance/Furniture Loans | $80,000 | ||||
| Home Improvement Loans | $8,000 | ||||||
| Personal Property | College Loans | ||||||
| Auto (2012 Infiniti QX56) | $46,000 | Other | |||||
| Auto (2016 Dodge Charger) | $26,000 | Total Long-term Liabilities | $207,330 | ||||
| Household Furnishings | $1,370 | ||||||
| Jewelry | $920 | ||||||
| Other (Rock Collections) | |||||||
| Total Personal Property | $74,290 | ||||||
| Total Assets: | $769,180 | Total Liabilities: | $426,638 | ||||
| Net Worth: | $342,542 | ||||||
| Calculate the following ratios: Total Liabilities & Net Worth:
| |||||||
| Ratios: Please be sure to write the formula, then show what figures you used, and then the calculation. Please do not just report a % because I will not know if you used the correct numbers and you will not receive credit for this portion. | |||||||
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Public Finance In A Changing World
Authors: Peter Birch Sorensen
1998th Edition
0333682211, 978-0333682210
