1. Mr. John Doe's financial data is in attachment. Complete Mr.Doe's bank Net worth form, and calculate his Net worth. Discuss the possible Net worth improvements and strategies of successful Finances for Mr.Doe. Us Mr.Doe's calculations to compete personal Net Worth calculations. Do Not disclose your personal data to class. Discuss your own experience with the Class Supervisor/Faculty on voluntary basis. Sample problems: CH#2 1. At the end of the fiscal year 20x2, Rainer Construction Co., Inc. has the following financial profile (all figures are in dollars): Total assets 1,200,000 Total liabilities 850,000 Total revenue before taxes 300,000 Total expenses 265,000 (a) What is the total net worth of this company? (b) Did the net worth increase, decrease or remain the same compared to FY 20X1? Why? (C) What is the income after taxes? (Assume a 50% tax rate.) 2. Define in your words the difference between a Balance Sheet and an Income Statement 3. The following Balance Sheet figures are available on the Cougar Construction Company: 53 (a) Find the total net worth of the company. 4. The following data regarding Atlas Construction Company are available: Current assets $300,0 00 Current liabilities 200,00 0 Long-term 500,00 liabilities Total net worth 200,00 What is the value of the company's fixed assets? 0 0