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please answer both questions 1) 2) Temperance's net worth is $50,000. Her debt ratio is 0.5. Her long-term assets total $90,000, and monthly expenses are
please answer both questions
1)
2)
Temperance's net worth is $50,000. Her debt ratio is 0.5. Her long-term assets total $90,000, and monthly expenses are $5,000. What is her liquidity ratio? A 2 months B 5 months C 4 months D 3 months Which personal financial statements are required to determine one's dollar level of liquidity? I. Cash Flow Statement II. Net Worth Statement III. Personal Balance Sheet IV. Budget A I and IV, only B I and II, only C III and IV, only D II and III, onlyStep by Step Solution
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