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The three parts of an individual's balance sheet are his or her: O a. assets, liabilities, and net worth. b. income, liabilities, and net worth.

The three parts of an individual's balance sheet are his or her: O a. assets, liabilities, and net worth. b. income, liabilities, and net worth. O c. assets, liabilities, and expenses. O d. assets, expenditures, and net worth. e. income, liabilities, and assets. 4 Total assets on your balance sheet are $6,000 and liabilities are $2,000. Your solvency ratio will be: of O a. 33.3%. O b. 75.0%. O c. 85.0%. O d. 67.7%. e. 30.2%. Clear my choice 35 of When your assets exceed your liabilities, you: O a. are bankrupt. O b. are losing equity. O c. have more real assets than investments. O d. are solvent. O e. have a negative net worth. W

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