Question: Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow
Based on the following data, determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flow Items Rent for the month! $ 3,390 2,280 Cash in checking account Spending for food $ 1,240 Monthly take-home salary 580 Savings account balance 670 Balance of educational loan 8,410 Telephone bill paid for month 258 Loan payment 3,090 Current value of automobile 159 125 Credit card balance. Auto insurance 318 Household possessions 4,210 190 Home entertainment system Lunches/parking at work Computers 2,880 Payment for electricity 226 Donations 92 920 1,720 Value of stock investment 163 Restaurant spending Clothing purchase 207 Balance Sheet and Cash Flows Total assets Total liabilities Net worth Total cash inflows S Total cash outflows 3,390
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