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Which of the following situations describes a person who could be insolvent? Assets $56,400; annual expenses $61,100 Assets $78,400; net worth $23,100 Liabilities $45,400; net

Which of the following situations describes a person who could be insolvent?

Assets $56,400; annual expenses $61,100

Assets $78,400; net worth $23,100

Liabilities $45,400; net worth $7,100

Assets $40,400; liabilities $46,100

Annual cash inflows $45,400; liabilities $51,100

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