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Cash 293 Retirement funds, IRA 1,979 Checking 3 comma 0793,079 2014 Sebring 15,035 Savings 1,269 2010 Jeep 7,909 IBM stock 1,938 Money market funds 1,175

Cash 293 Retirement funds, IRA 1,979
Checking 3 comma 0793,079 2014 Sebring 15,035
Savings 1,269 2010 Jeep 7,909
IBM stock 1,938 Money market funds 1,175
Auto loan 8,029 Jewelry and artwork 2,998
Mortgage 99,498 Net worth 77,057
Medical bills payable 259 Household furnishings 4,256
Utility bills payable 142 Credit card balance 2,027
Real estate 150,001 Personal loan 2,920

Adam and Arin Adams have collected their personal asset and liability information and have asked you to put together a balance sheet as of December 31, 2015. The following information is received from the Adams family LOADING.... a. Create a personal balance sheet as of December 31, 2015. It should be similar to a corporate balance sheet. b. What must the total assets of the Adams family be equal to by December 31, 2015? c. What was their net working capital (NWC) at the end of the year? (Hint: NWC is the difference between total liquid assets and total current liabilities.)

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