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Meena owns a house worth $244000 with a mortgage of $108224.she owns a car worth $14000 with a car loan of $3300.She has $3400 in
Meena owns a house worth $244000 with a mortgage of $108224.she owns a car worth $14000 with a car loan of $3300.She has $3400 in RRSP and $4000 in mutual funds.Her average monthly hydro bills are $114 and her monthly property tax payments are $255. Reema would like a loan of $8000 from the bank so that she can do a bathroom renovation.To determine her debt equity ratio the bank calculates her total assests to be---------? and her total liabilities to be --------?
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