Question: Mike has the following financial items: Checking account: $ 2 , 0 0 0 Salary: $ 3 , 0 0 0 Rent: $ 1 ,

Mike has the following financial items:
Checking account: $2,000
Salary: $3,000
Rent: $1,200
Credit card balance: $500
Car loan: $5,000
Car: $15,000
Monthly groceries: $2,000
Calculate: (5 pts each)
(a) Total liquid assets
(b) Total current liabilities
(c) Total assets
(d) Total liabilities
(e) Net worth
(f) Total cash inflows
(g) Total cash outflows
(h) Cash surplus (deficit)
 Mike has the following financial items: Checking account: $2,000 Salary: $3,000

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