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c. James, single who lives alone with no dependents, has gathered the following information to prepare his personal financial statements: Based on the above information,

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c. James, single who lives alone with no dependents, has gathered the following information to prepare his personal financial statements: Based on the above information, calculate James's: i. total assets; ii. total liabilities; iii. net worth; iv. total cash inflows; and v. total cash outflows. Show all your calculations. 12 marks d. Given the above information in part (d), suggest two actions that James could take to increase his net worth. Explain your answers. 4 marks

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