Question: please explain question 7, and also check if 8 and 9 are correct. 7. If Tom has $10,000 in current assets, and has the following:

please explain question 7, and also check if 8 and 9

please explain question 7, and also check if 8 and 9 are correct.

7. If Tom has $10,000 in current assets, and has the following: a. $8,500 credit card balance b. $450 car payment with 4 -years remaining c. $300 Student Loan payment with 8 years remaining d. $78 monthly cellphone bill with no contract What is his Current Ratio? Question 8 (1 point) Saved If Lizzo has a Solvency ratio of .28 and a Net Worth of $28,500, what are her Total Assets? Question 9 (1 point) Saved 9. If Jared has a savings ratio of 18% and a monthly income of $4,300 what is his monthly surplus or (deficit)

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