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PLEASE ANSWER THE FOLLOWING QUESTION. THEY CANNOT BE SEPARATED 4. Use the following financial information for James and Elizabeth. - Long-Term Liabilities: $290,000 - Investment
PLEASE ANSWER THE FOLLOWING QUESTION. THEY CANNOT BE SEPARATED
4. Use the following financial information for James and Elizabeth. - Long-Term Liabilities: $290,000 - Investment Assets: $120,000 - Current Liabilities: $65,000 - Cash and Cash Equivalents: $95,000 - Personal Use Assets: $280,000 Please note that they are married, and both are 30 years old. a) Prepare a pie chart to visually depict their current balance sheet. b) Utilizing the targeted benchmarks, i. Do you think their net worth is enough for their age group? Explain. ii. Do you think their cash and cash equivalents are enough for their age group? Explain. iii. Do you think their long-term liabilities is enough for their age group? Explain. iv. Do you think their investment assets is enough for their age group? ExplainStep by Step Solution
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