John and Hannah Adams have a yearly income of RM76,392 and own a house worth RM111,100,...

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John and Hannah Adams have a yearly income of RM76,392 and own a house worth RM111,100, two cars worth a total of RM27,101 and furniture worth RM11,127. The house has a mortgage of RM75,153 and the cars have outstanding loans of RM2,871 each. Utility bills, totaling RM290 for this month, have not been paid. From the above information, you are required to: a. Determine the value of John and Hannah's total assets. b. Determine the value of John and Hannah's total liabilities. c. Determine the value of John and Hannah's net worth. (2 Marks) (2 Marks) (2 Mark) d. Assuming that they have no current bills other than those that are listed, what is their current ratio? Explain their liquidity position based on this. (2 Marks) e. What is their debt ratio), explain whether the couple can their debt obligatio (2 Marks) John and Hannah Adams have a yearly income of RM76,392 and own a house worth RM111,100, two cars worth a total of RM27,101 and furniture worth RM11,127. The house has a mortgage of RM75,153 and the cars have outstanding loans of RM2,871 each. Utility bills, totaling RM290 for this month, have not been paid. From the above information, you are required to: a. Determine the value of John and Hannah's total assets. b. Determine the value of John and Hannah's total liabilities. c. Determine the value of John and Hannah's net worth. (2 Marks) (2 Marks) (2 Mark) d. Assuming that they have no current bills other than those that are listed, what is their current ratio? Explain their liquidity position based on this. (2 Marks) e. What is their debt ratio), explain whether the couple can their debt obligatio (2 Marks)

Answer rating: 100% (QA)

a To determine the value of John and Hannahs total assets we add up the value of their house cars an... View the full answer