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please show the working for the liabilites i think all is current except the funiture loan for 6month that os non current Santos and Cecilia
please show the working
for the liabilites i think all is current except the funiture loan for 6month that os non current
Santos and Cecilia have the assets and liabilities attached below. Assume that Santos and Cecilia have monthly living expenses of $2,000. What is Santos and Cecilia's current ratio? What is their liquidity ratio? What is their debt-to-asset ratio? Comment on each ratio. Click the icon to view the assets and liabilities. Santos and Cecilia's current ratio is (Round to two decimal places as needed.) Santos and Cecilia's liquidity ratio is (Round to two decimal places as needed.) Santos and Cecilia's debt-to-asset ratio is (Round to one decimal place as needed.) percent. Comment on the current ratio and the liquidity ratio. Their current ratio is for every dollar of liabilities, they have approximately in liquid assets. Their liquidity ratio is Currently, they have enough liquid assets to cover of living Enter your answer in each of the answer boxes. Comment on the debt-to-asset ratio. Santos and Cecilia's debt-to-asset ratio may be reasonable if they are in their may be excessive if they are in their mid-career or their prime earning years. Their ratio Their ratio may be far too high if they are in their Enter your answer in each of the answer boxes. Assets Condo Car Furniture Stocks Savings account Chequing account Bonds Cash Mutual funds Fair Market Value $105,000 $23,000 $13,000 $10,000 $6,000 $1,600 $16,000 $300 $9,000 Liabilities Mortgage Car loan Credit card balance Fair Market Value $75,000 $2,875 $325 th Liabilities Mortgage Car loan Credit card balance Student loans Furniture loan (6 months) Fair Market Value $75,000 $2,875 $325 $ 16,000 $1,600 SW Print Done Step by Step Solution
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