Use the following items to determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows.

Rent for the month$1,600 // Monthly take-home salary$3,135
Spending for food$820 // Cash in checking account$640
Savings account balance $2,080
Balance of educational loan $3,300
Current value of automobile $9,350
Telephone bill paid for month$160 // Credit card balance$330
Loan payment $270 // Auto insurance$420
Household possessions $5,300 // Video equipment$2,825
Payment for electricity$185
Lunches/parking at work$275
Donations$350 // Personal computer $2,150
Value of stock investment $1,335 // Clothing purchase$205
Restaurant spending $225

Answer rating: 100% (QA)

Total Assets Savings account balance Current value of automobile Vid... View the full answer