Santos and Cecilia have the assets and liabilities attached below. Assume that Santos and Cecilia have monthly

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Santos and Cecilia have the assets and liabilities attached below. Assume that Santos and Cecilia have monthly living expenses of $2000.

Assets

Condo

$104000

Car

$22000

Furniture

$14000

Stocks

$10000

Savings account

$5000

Chequing account

$1200

Bonds

$15000

Cash

$150

Mutual funds

$7000

Liabilities

Mortgage

$81000

Car loan

$2750

Credit card balance

$165

Student loans

$15000

Furniture loan (6 months)

$1200

What is Santos and Cecilia's current ratio? Liquidity ratio? Debt-to asset ratio?

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Accounting Business Reporting For Decision Making

ISBN: 9780730302414

4th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Albie Brooks, Suzanne Byrne, Judy Oliver

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Posted Date: Mar 08, 2024 12:53 AM

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Santos and Cecilia have the assets and liabilities attached below. Assume that Santos and Cecilia have monthly

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Accounting Business Reporting For Decision Making

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