Ron has the following data and calculate his total assets, total liabilities and the net worth. Stock

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Ron has the following data and calculate his total assets, total liabilities and the net worth.

Stock Investments = $1800
Credit card balance = $500 Jewellery = $1000
House furniture = $800
Consumer loan balance = $600

Current value of automobile = $6000

Cash in chequing account = $1200

Balance in savings account = $3500

Other liabilities = $750

Compute his debt ratio and debt-to-asset ratio? (Show your calculations)

Related Book For answer-question

Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

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Posted Date: Feb 17, 2022 08:04 AM

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Ron has the following data and calculate his total assets, total liabilities and the net worth. Stock

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Accounting Principles

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