Homework Clinic
Social Science Clinic => Business => Finance => Topic started by: torybrooks on Nov 11, 2019
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Raymond feels that he is wealthy because he has cash in the bank, two expensive cars worth about , and a house worth $1 million. However, he also carries a credit card liability and has a bank loan due within six months. What financial problem does Raymond have?
◦ Fixed assets are too high.
◦ Current ratio is too low.
◦ Total net worth is too low.
◦ Liquidity ratio is too low.
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Current ratio is too low.
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Thank you