Multiple Choice
The Ronselli family has total assets of $460,000 and total liabilities of $186,000.Included in their total assets are monetary assets of $47,000 and investment assets of $253,000.What is the Ronsellis' investment assets-to-total assets ratio?
A) 26 percent
B) 55 percent
C) 65 percent
D) 92 percent
Correct Answer:
Verified
Correct Answer:
Verified
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