Question: van Toney has BWP 2 5 , 0 0 0 cash on hand and BWP 2 2 4 , 0 0 0 in a bank

van Toney has BWP 25,000 cash on hand and BWP 224,000 in a bank savings account. His annual expenses are estimated to be BWP 340,000. His investments in some actively managed equity mutual funds amount to BWP 100,000. He has also invested BWP 280,000 in shares of a listed hotel group, BWP 320,000 as fixed deposits, and BWP 150,000 invested in a hedge fund. Calculate Ivan's extended liquidity ratio. Explain your answer.

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