Use the following financial information for James and Elizabeth. Long-Term Liabilities: $290,000 Investment Assets: $120,000 ...

 

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Use the following financial information for James and Elizabeth. Long-Term Liabilities: $290,000 Investment Assets: $120,000 ● Current Liabilities: $65,000 Cash and Cash Equivalents: $95,000 Personal Use Assets: $280,000 Please note that they are married, and both are 30 years old. a) Prepare a pie chart to visually depict their current balance sheet. b) Utilizing the targeted benchmarks, 1. Do you think their net worth is enough for their age group? Explain. 2. Do you think their cash and cash equivalents are enough for their age group? Explain. ● ● ● 3. Do you think their long-term liabilities is enough for their age group? Explain. 4. Do you think their investment assets is enough for their age group? Explain. Use the following financial information for James and Elizabeth. Long-Term Liabilities: $290,000 Investment Assets: $120,000 ● Current Liabilities: $65,000 Cash and Cash Equivalents: $95,000 Personal Use Assets: $280,000 Please note that they are married, and both are 30 years old. a) Prepare a pie chart to visually depict their current balance sheet. b) Utilizing the targeted benchmarks, 1. Do you think their net worth is enough for their age group? Explain. 2. Do you think their cash and cash equivalents are enough for their age group? Explain. ● ● ● 3. Do you think their long-term liabilities is enough for their age group? Explain. 4. Do you think their investment assets is enough for their age group? Explain.

Answer rating: 100% (QA)

58 Assets Investment Assets over 190 Cash Cash equivas e en Personal Use Assets 25 For James ... View the full answer