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Question 1-4 facts use the following balance sheet and cash flow data to respond to Questions 1-4. NOTE : Reference financial progress ratios on page

Question 1-4 facts use the following balance sheet and cash flow data to respond to Questions 1-4. NOTE: Reference financial progress ratios on page 78 of your text.

  • Short-term debt = $5,500
  • Mortgage debt (30 yr.) = $170,000
  • Liquid assets = $10,000
  • Home value = $210,000
  • Investment assets = $90,000
  • Personal property = $20,000

Question 2 (8 points) - Use Question 1-4 facts to calculate the Assets-to-Debt Ratio.

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