Multiple Choice
Total assets on your balance sheet are $6,000 and liabilities are $2,000. Your solvency ratio will be:
A) 30%.
B) 33%.
C) 67%.
D) 85%.
E) 75%.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q32: Your car has a market value of
Q61: The first step in financial planning is
Q63: A cash budget will have value only
Q64: Construct a balance sheet using the following
Q66: _ is an example of personal property.<br>A)
Q67: Amit lists his gross salary in the
Q71: A cash budget has value only if
Q77: The Flemings will need $80,000 annually for
Q84: You are solvent if your:<br>A) total liabilities
Q89: The income and expense statement measures your