Question
Samantha Knight is applying for a small-business loan. She provides the bank with the following information: cash in checking accounts $5,000 cash in savings $10,350
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Samantha Knight is applying for a small-business loan. She provides the bank with the following information:
| cash in checking accounts | $5,000 |
| cash in savings | $10,350 |
| home market value | $145,500 |
| first mortgage on house | $25,000 |
| home equity loan limit | $70,000 |
| home equity loan | $10,000 |
| automobile market value | $19,000 |
| automobile loan outstanding | $15,000 |
| credit card debt | $1,500 |
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Calculate the debt-to-asset ratio.
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Calculate the debt-to-equity ratio.
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What percentage of Samantha's assets is owned by others?
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The New Look Of Affordable Housing
Authors: Alvin Hope Johnson
1st Edition
979-8854852562
