Question: Answer the question below. It is important that you show your work. Either type the formula used or your inputs (PN, N, etc.) 6. Your

Answer the question below. It is important that you show your

Answer the question below. It is important that you show your work. Either type the formula used or your inputs (PN, N, etc.) 6. Your neighbor would like some help getting his finances in order. He has asked that you review the following list of his assets and liabilities: 25 points Savings Account: $1,000 6-month Certificate of Deposit: $200 Car: $3,500 Baseball Card Collection: $75 Clothes: $450 Furniture: $600 Credit Card Bills: $375 Money Owed to Friend: $100 Car Loan: $1,000 What is your neighbor's net worth?|| Which asset is considered a monetary asset on the balance sheet? What is the total amount owed for current debts/liabilities? What is his current ratio? What is his debt ratio? Interpret the current and debt ratio calculations

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