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Craig's annual expenses total $50,000. His debt-to-asset ratio is 0.5. Total liabilities equal $42,000. If he maintains the recommended maximum emergency fund in liquid assets,
Craig's annual expenses total $50,000. His debt-to-asset ratio is 0.5. Total liabilities equal $42,000. If he maintains the recommended maximum emergency fund in liquid assets, what are his long-term assets? a) $71,000 b) $59,000 c) $71,500 d) $100,000
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