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Which one of the following illustrates an insolvent situation? Assets $40,000; liabilities $45,000 Liabilities $45,000; net worth $6,000 Annual cash inflows $45,000; liabilities $50,000 Assets

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Which one of the following illustrates an insolvent situation? Assets $40,000; liabilities $45,000 Liabilities $45,000; net worth $6,000 Annual cash inflows $45,000; liabilities $50,000 Assets $78,000; net worth $22,000 Assets $56,000; annual expenses $60,000

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