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Ron has the following data and calculate his total assets, total liabilities and the net worth. Stock Investments = $1800 Credit card balance = $500

Ron has the following data and calculate his total assets, total liabilities and the net worth.

Stock Investments = $1800 Credit card balance = $500 Jewellery = $1000 House furniture = $800 Consumer loan balance = $600

Current value of automobile = $6000

Cash in chequing account = $1200

Balance in savings account = $3500

Other liabilities = $750

Compute his debt ratio and debt-to-asset ratio? (Show your calculations)

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