Question
What is June's cash ratio? Your client June has the following financial profile: Liquid Assets $44,000 Investment Assets $140,500 Personal Assets $195,500 Total Assets $380,000
What is June\'s cash ratio? Your client June has the following financial profile:
| Liquid Assets | $44,000 |
| Investment Assets | $140,500 |
| Personal Assets | $195,500 |
| Total Assets | $380,000 |
| Total Liabilities | $263,000 |
| Net Worth | $117,000 |
| Annual debt payments | $22,000 |
| Annual gross income | $145,000 |
| | a. | 0.116 |
| b. | 0.185 | |
| c. | 0.31 | |
| d. | 0.527 | |
| e. | I am not sure. |
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
10th Canadian edition
1259261018, 1259261015, 978-1259024979
