Question
Vaughn has a net worth of $2,500. If Vaughn has a total of $2,000 of liquid assets, $4,000 of personal possessions, and student loans totaling
Vaughn has a net worth of $2,500. If Vaughn has a total of $2,000 of liquid assets, $4,000 of personal possessions, and student loans totaling $2,500, how much does she owe on her credit card bills? Assume that Vaughn has no other assets or liabilities.
The Schaeffer family wants to increase their savings ratio next year. Their current savings ratio is 5%. If the family makes a combined income of $60,000, and they want their savings ratio to be 10% next year, how much are they planning to save (in dollars)?
Nathan has a car loan of $4,000, a mortgage balance of $90,000 and student loans of $5,000. If Nathan's debt ratio is 40%, what is Nathan's net worth?
The Fountain family has current liabilities of $5,000 and a current ratio of 1.5. What are their liquid assets?
Ryan has monthly expenses of $5,000 and a liquidity ratio of 2.2. What are Ryan's liquid assets?
Chip has credit payments of $5,000 per month and has a debt-payments ratio of .8. How much does Chip have in take-home pay each month?
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