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Use the following financial information for Sam ( age 3 0 ) and Diane ( age 3 0 ) Handberger: Cash and Cash Equivalents: $
Use the following financial information for Sam age and Diane age Handberger:
Cash and Cash Equivalents: $
Investment Assets: $
Personal Use Assets: $
Current Liabilities: $
LongTerm Liabilities: $
Before your next meeting with the Handbergers, you create a piefchart to visually depict their current balance sheet. Utilizing the targeted benchmarks provided below which of the following statements are you most likely to make during your next meeting?
"Your investment assets make up of your asset pie chart, which is too low for your age group."
"Given your assets and liabilities, your net worth is appropriate for your age group."
"Relative to the rest of your assets, your cash and cash equivalents are too low for your age group."
"Compared to your net worth and current liabilities, your longterm liabilities are excessive for your age group."
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