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

• Short-term debt payments = $250/month
• Mortgage debt payments = $1,300/month
• Gross income = $9,000/month
• Disposable income = $6,800/month
• Expenses = $6,000/month

Question 1 (9 points) Use Question 1-4 facts to calculate the Net Worth.