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Problem 14. [4 pts] Ms Tuba Buyukustun incurs living expenses for $4,500 per month. She has $10,000 cash in the bank, two expensive cars worth
Problem 14. [4 pts] Ms Tuba Buyukustun incurs living expenses for $4,500 per month. She has $10,000 cash in the bank, two expensive cars worth about $165,000, and a house worth $1 million. However, she also carries a $35,000 credit card liability and has a $60,000 bank loan due within six months. Compute her liquidity ratio and current ratio. (Show your calculations)
Problem 14. [4 pts]
Ms Tuba Buyukustun incurs living expenses for $4,500 per month. She has $10,000 cash in the bank, two expensive cars worth about $165,000, and a house worth $1 million. However, she also carries a $35,000 credit card liability and has a $60,000 bank loan due within six months. Compute her liquidity ratio and current ratio. (Show your calculations)
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