Multiple Choice
NARRBEGIN: Figure 3-1
Figure 3-1
Maria and John Sanchez have just completed their third annual set of financial statements.They met in a personal finance class while in college and still remember their instructor's advice regarding the importance of knowing their financial condition and progress.Even before they got married,they decided that each year on February 2 (Groundhog Day) they would update their cash-flow statement and their balance sheet.
The following information is taken from their latest financial statements:
-Refer to Figure 3-1.Calculate Maria and John's investment assets-to-total assets ratio.
A) 35 percent
B) 50 percent
C) 63 percent
D) 27 percent
Correct Answer:

Verified
Correct Answer:
Verified
Q4: Which of the following is classified as
Q18: Matthew is concerned about his ability to
Q31: A budget variance is the difference between
Q33: Households dependent on the income from a
Q46: It is usually easy to reduce a
Q67: Values are<br>A)attitudes.<br>B)needs.<br>C)beliefs.<br>D)wants.
Q97: Monetary assets include cash and near-cash items
Q102: The strictest method of controlling budgets is<br>A)justifying
Q106: Keeping good records is a prerequisite for
Q113: Financial planning is the process of developing