FOCUS ON PERSONAL FINANCE LL/ACCESS >BI
6th Edition
ISBN: 9781260529326
Author: Kapoor
Publisher: McGraw-Hill Publishing Co.
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Question
Chapter 2, Problem 6P
Summary Introduction
To determine: The debt ratio and the manner in which evaluate this.
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Students have asked these similar questions
Raya Mancillas has determined that her net worth is $54,000, excluding her home. She owes $78,000 on her mortgage and $15,000 on a car loan. What is Raya's debt-to-equity ratio?
A family has a net worth of $165,000 and liabilities of $176,000. What is the amount of their assets?
Group of answer choices
$11,000
$165,000
$176,000
$341,000
$506,000
The severson family owns a house worth $280,000, of which they still owe $113,545 on the mortgage. They also own two cars, one worth $5,200 and the other worth $15,600. They still owe $9,200 on one of the car loans. They have $2,300 in credit card debt and owe $18,200 for their daughter’s wedding. What is their net worth?
A $157,555
B $162,155
C $143,245
D $300,800
Chapter 2 Solutions
FOCUS ON PERSONAL FINANCE LL/ACCESS >BI
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